Whipsawed Bitcoin investors eye Coinbase as steadier crypto bet
Brandon Kochkodin, Bloomberg News VIDEO SIGN OUT
For many investors, Coinbase Global Inc.âs trading debut next week will be an entry into the US$2 trillion cryptocurrency market.
And for those who have already gorged on Bitcoin, the arrival of the largest U.S. cryptocurrency exchange on the Nasdaq Stock Market could be what is needed to settle portfolios roiled by the asset classâs notorious volatility.
There are other stocks already tied to the bits and bytes of the various blockchains. Elon Muskâs Tesla Inc. and Michael Saylorâs MicroStrategy Inc. have both notably added billions worth of Bitcoin to their treasuries. But with Coinbaseâs public listing, investors will have the choice of an equity tied to cryptocurrencies that is so the hope goes less likely to suffer persistent cycles of boom and bust.
For many investors, Coinbase Global Inc.’s trading debut next week will be an entry into the $2 trillion cryptocurrency market.
And for those who have already gorged on Bitcoin, the arrival of the largest U.S. cryptocurrency exchange on the Nasdaq Stock Market could be what is needed to settle portfolios roiled by the asset class’s notorious volatility.
There are other stocks already tied to the bits and bytes of the various blockchains. Elon Musk’s Tesla Inc. and Michael Saylor’s MicroStrategy Inc. have both notably added billions worth of Bitcoin to their treasuries. But with Coinbase’s public listing, investors will have the choice of an equity tied to cryptocurrencies that is so the hope goes less likely to suffer persistent cycles of boom and bust.
KKR invests US$500 million in cloud storage firm Box crn.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crn.com.au Daily Mail and Mail on Sunday newspapers.
3 Min Read
(Reuters) -Box Inc said on Thursday private equity giant KKR & Co Inc would lead a $500 million investment in the company and get a board seat, marking an end to the cloud services provider’s strategic review.
FILE PHOTO: FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo
The KKR-led investment will be executed through convertible preferred stock and comes weeks after Reuters reported Box was exploring a sale amid pressure from hedge fund Starboard Value LP over its stock performance.
Karat Packaging Launches Initial Public Offering
04/07/2021 | 12:43pm EDT
Send by mail :
Message :
Required fields
CHINO, Calif., April 07, 2021 (GLOBE NEWSWIRE) Karat Packaging Inc. (“Karat Packaging” or the “Company”), a specialty distributor and manufacturer of environmentally-friendly disposable foodservice products and related items, today announced it has launched the roadshow for the initial public offering of 3,950,000 shares of its common stock. The Company also has granted the underwriters a 30-day option to purchase up to an additional 592,000 shares of common stock, on the same terms and conditions, to cover over-allotments, if any. The offering price is expected to be between $18.00 and $20.00 per share. Karat Packaging has applied to list its common stock on The Nasdaq Global Market under the ticker symbol “KRT.”