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Inside Airbnb and DoorDash s IPOs - Citigroup s new MD focused on data science - Chase launches virtual banking service
Inside Airbnb and DoorDash s IPOs - Citigroup s new MD focused on data science - Chase launches virtual banking service
Dan DeFrancescoDec 21, 2020, 17:19 IST
Chinese stock traders work on the nearly empty trading floor at the Shanghai Stock Exchange in Shanghai 19 May 2006. China ended a year-long ban on initial public offerings (IPOs) 18 May, with the resumption of official share sales on its stockmarkets effective immediately after IPOs and additional share issues were suspended in April last year, as part of a plan to overhaul state enterprise ownership by selling down the government s holdings in listed companies and thereby boost the country s embattled securities markets. MARK RALSTON/AFP/Getty
Coinbase Allegedly Taps Goldman Sachs to Lead IPO, FTX Exchange May Launch Pre-IPO Futures
Following the San Francisco-based cryptocurrency exchange’s initial public offering (IPO) Form S-1 draft registration, reports note that Goldman Sachs will likely lead the IPO. Moreover, the digital currency trading platform FTX is rumored to be launching a Coinbase futures market before the public listing.
Two days ago, on December 17, 2020, Coinbase announced filing registration papers with the U.S. Securities and Exchange Commission (SEC). “The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions,” the San Francisco exchange detailed.
Two weeks out from the end of 2020 and the IPO news cycle isn t slowing down.
You d be forgiven if you thought at the beginning of the week we d maybe get a break from hearing about hot tech companies rushing to go public, as Roblex and Affirm postponed their debuts. But by Friday, cryptocurrency exchange Coinbase, online thrift platform Poshmark, and dating app Bumble had all filed for upcoming IPOs.
Another thing they all have in common, according to reports, is Goldman Sach s involvement.
The company has led offerings this fall for DoorDash, Wish, Snowflake, and Unity Software, and worked on other IPOs including Airbnb and GoodRx, among others. And as Meghan Morris reported, it s now leading Coinbase s efforts.
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Coinbase taps Goldman for public debut - How Airbnb and DoorDash failed to reinvent the IPO - The execs behind wealth s talent wars
Coinbase taps Goldman for public debut - How Airbnb and DoorDash failed to reinvent the IPO - The execs behind wealth s talent wars
Michelle AbregoDec 19, 2020, 20:04 IST
Lucy Nicholson/Reuters
Two weeks out from the end of 2020 and the
IPO news cycle isn t slowing down.
You d be forgiven if you thought at the beginning of the week we d maybe get a break from hearing about hot
tech companies rushing to go public, as Roblex and Affirm postponed their debuts. But by Friday, cryptocurrency exchange Coinbase, online thrift platform Poshmark, and dating app Bumble had all filed for upcoming IPOs.
Are Texas and Florida the new California and New York? HANNIBAL HANSCHKE/Getty Images
Texas and Florida are challenging California and New York, but will they replace them?
Tech elites from Silicon Valley have been flocking to Texas, mirroring Big Apple financiers on the East Coast fleeing to Florida.
They re all seeking warm weather, affordability, and low taxes as they leave behind a higher cost of living.
Texas and Florida may never truly displace California and New York, but the rivalry is real, positioning the Southern states as true power players.
Sunnier locales, lower taxes, and a more affordable cost of living. California s tech elite and New York s financiers are in pursuit of all three, and they ve found that trifecta in Texas and Florida.