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While there were some doubts about the valuation previously, many expect the market to value the firm above $8b as Bitcoin pushes to new all-time highs, as institutions embrace crypto, and as money is easier to get for institutions than ever before.
“Coinbase Global, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”). The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions.”
https://cryptoslate.com/8b-crypto-startup-coinbase-files-draft-s1-to-sec-in-preparation-of-ipo/
