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) $ 61,120.00 3.40%
ethereum
Ethereum (ETH) $ 4,027.96 2.87%
binance-coin
Binance Coin (BNB) $ 481.37 0.12%
tether
Tether (USDT) $ 0.999950 0.49%
cardano
Cardano (ADA) $ 2.16 1.60%
solana
Solana (SOL) $ 203.10 0.83%
xrp
XRP (XRP) $ 1.09 1.35%
polkadot
Polkadot (DOT) $ 44.35 1.55%
usd-coin
USD Coin (USDC) $ 1.00 0.09%
dogecoin
Dogecoin (DOGE) $ 0.246031 0.09%
S&P 500  ^GSPC 
$4,544.90  $4.88  (-0.11%)
Dow Jones Industrial Average  ^DJI 
$35,677.02  $73.94  (0.21%)
NASDAQ Composite  ^IXIC 
$15,090.20  $125.50  (-0.82%)
Russell 2000  ^RUT 
$2,291.27  $4.92  (-0.21%)
Crude Oil Dec 21  F*CL.NYM 
$83.98  $1.48  (1.79%)
   
$0.0000  $0.0000  (0.00%)