Coinbase Choose Goldman Sachs To Spearhead Upcoming IPO

Coinbase choose Goldman Sachs to spearhead upcoming IPO. Coinbase tapped Goldman Sachs to lead its forthcoming initial public offering, according to a report published by Business Insider citing industry sources on Friday.

Coinbase announced Thursday it filed preliminary documents with the U.S. Securities and Exchange Commission in preparation for a public offering.

The cryptocurrency exchange selected Goldman despite the fact that some investment bank teams gave less-than-bullish bitcoin commentaries (BTC,-0.56 percent), including a May study detailing why bitcoin and other cryptocurrencies are “not an asset class.”

Earlier this week the company also released a memo to clients stating that bitcoin does not pose a significant thread to gold’s status as a last resort currency asset. However, Goldman has been involved in the cryptocurrency industry from an early stage, including investments in Circle, Bitgo and other leading companies.

[image: Coinbase Blog]

bitcoin
Bitcoin (BTC) $ 95,974.71 0.94%
ethereum
Ethereum (ETH) $ 2,646.61 2.82%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.44 2.81%
bnb
BNB (BNB) $ 702.14 10.18%
solana
Solana (SOL) $ 190.36 0.14%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.254861 2.04%
cardano
Cardano (ADA) $ 0.775903 1.27%
staked-ether
Lido Staked Ether (STETH) $ 2,641.76 2.71%
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)