For each joint stock company, the big event is the date (IPO) on which its shares are officially traded on the stock exchange. This date is officially called Initial public offering. One such big event this year will catch the cryptoworld. One of the biggest competitors of the Coinbase exchange, intends to enter the stock exchange. What the company must complete in the IPO and what they are specific condition and dates of admission to the stock exchange? You will learn in this article.
Blockchain.com is heading for an IPO
Startup, which deals with cryptocurrencies, is currently leading negotiations with banks to provide liquidity in their first public auction (IPO). However, the whole negotiations on the access of this company to the stock exchange lead only behind “closed doors”. Blockchain.com is one of the main ones Coinbase’s competitors, because it targets the same clients to whom it intends to offer similar products. The company allows its clients purchase and sale of cryptocurrencies, together with their storage service (deposit function).
The company currently has worth $ 14 billion. Most of the funding was provided by Lightspeed Venture Partners in partnership with Baillie Gifford & Co. However, due primarily to behind-the-scenes negotiations, it is very difficult to determine an initial IPO in which the company opens not only crypto investors in order to obtain additional funding for its business.