Alleged Coinbase Tap Goldman Sachs to Lead IPO, FTX Exchange May Launch Future Pre-IPO

Following the initial draft registration of the San Francisco cryptocurrency exchange’s public form S-1 (IPO), reports indicate that Goldman Sachs will likely lead the IPO. Moreover, the digital currency trading platform FTX is said to launch Coinbase futures market ahead of public listing.

  • Two days ago, on December 17, 2020, Coinbase announced the filing of registration papers with the U.S. Securities and Exchange Commission (SEC). “Form S-1 is expected to become effective once the SEC has completed its review process, subject to market and other conditions,” the San Francisco exchange detailed.
  • A recent analysis by analyst Mira Christanto notes that the company recently changed board members and included former Cisco CFO Kelly Kramer, Google veteran Gokul Rajaram, and venture capitalist Marc Andreessen. Christanto says final IPO preparations could “see the company worth $ 28 billion.”
  • Business Insider financial columnist Meghan Morris has revealed that Coinbase will leverage financial institution Goldman Sachs to lead the IPO. The Goldman Sachs deal is alleged to have been confirmed by two industry sources, but the San Francisco exchange has yet to confirm the choice.
  • Digital Currency Group founder Barry Silbert was pleased with Coinbase’s filing announcement and tweeted about the registration on Thursday. “Thanks to Coinbase’s IPO, the acquisition price of a bunch of crypto companies is set to go higher,” Silbert tweets to their 242,000 social media followers.
  • According to a report published by Coindesk, FTX CEO Sam Bankman-Fried told the reporter that the team plans to launch the future of Coinbase IPO if the US regulator highlights the Form S-1.

  • FTX has already launched a pre-IPO futures market for Airbnb and has also created the future of the Trump and Biden presidential election as well. Bankman-Fried told reporter Zack Voell that the future launch of Coinbase ahead of an IPO could be “very soon” or “could never happen.”
  • The Coinbase exchange was launched in 2012 and is one of the most popular digital asset providers worldwide. In 2017, Coinbase achieved unicorn status and in 2018 the company was valued at $ 8 billion.

What do you think of Coinbase’s initial public offering (IPO) and Goldman Sachs leading the IPO? What do you think about the future of FTX pre-IPO? Let us know what you think of this topic in the comments section below.

Tags in this story

Barry Silbert, Coinbase, Coinbase IPO Futures, Finance, financial institution, ftx, FTX Exchange, Goldman Sachs, initial public offering, IPO, Meghan Morris,, Mira Christanto, Pre-IPO Futures, Sam Bankman-Fried, San Francisco Exchange, The SEC, US SEC, Zack Voell

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, nor a recommendation or endorsement of any products, services or companies. does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.