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Coinbase is very profitable and has huge cash reserves for a company of its size. I don't see any reason why they would feel the need to IPO if not to take adva
by Aunche 6y ago
Coinbase is very profitable and has huge cash reserves for a company of its size. I don't see any reason why they would feel the need to IPO if not to take advantage of people's FOMO.
- cwkoss 6y agoI expect Coinbase becoming a publicly traded company benefits them to a greater extent in reducing the chance of regulatory destruction than they benefit from additional access to capital.
- marrone12 6y agoAlso to provide liquidity to their employees.
- base698 6y agoPaying for a lobbying org seems like a pretty good reason: https://seekingalpha.com/news/3679495-square-fidelity-coinbase-start-cryptocurrency-lobbying-group https://seekingalpha.com/news/3679495-square-fidelity-coinba...
- nostromo 6y agoAt a certain point people want to stop being billionaires on paper and to become billionaires with actual liquidity. And the timing seems right -- Bitcoin is sky-high and could crash tomorrow. (I'm presuming here that Coinbase and BTC will be highly correlated, but who knows.)
- plaidfuji 6y agoThis is the correct take, IMO. This feels to me like a lot of higher-ups at Coinbase are sensing the peak of a crypto hype wave and want to take advantage of the moment to cash out and spread their risk around. Plus they have privileged access to real-time data on crypto market movement (I assume); they’ll know if a btc sell off is brewing long before anyone else. The fact that BTC only jumped to 64k is telling...
- drexlspivey 6y agoThis is nonsense. Coinbase didn’t IPO, it was a direct listing. They didn’t issue or sell any shares.
- sillysaurusx 6y agoCan you translate for someone who has zero knowledge in this area?
- torbital 6y agoSurely they made the decision to IPO back when BTC was half of what it is now.