Share this article
Coinbase Picks Goldman Sachs to Lead Upcoming IPO: Report
Coinbase's selection comes per industry sources cited by Business Insider.
By Zack Voell
Updated Sep 14, 2021, 10:45 a.m. Published Dec 18, 2020, 5:12 p.m.
Coinbase has tapped Goldman Sachs to lead its upcoming initial public offering, per a report by Business Insider that cited industry sources published Friday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Coinbase announced Thursday it had filed preliminary documents with the U.S. Securities and Exchange Commission in preparation for a public offering.
- The cryptocurrency exchange picked Goldman despite the fact that some teams at the investment bank have offered less-than-bullish commentary on bitcoin, including a report in May that outlined why bitcoin and other cryptocurrencies are "not an asset class."
- Earlier this week, the firm also published a memo to clients saying that bitcoin poses no serious thread to gold's status as a last-resort monetary commodity.
- Nonetheless, Goldman has been active in the cryptocurrency industry from early on, including investments in Circle, Bitgo and other leading companies.
- Coinbase declined to comment on the report.
More For You
This article is created to test tags being added to image overlays
Dek: This article is created to test tags being added to image overlays
What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
Top Stories
