Hello traders .
Sorry no fancy chart here but some information you might be interested in ..
We have very interesting IPO coming this week . 4-14 Wednesday
Why you ask : Well there is many differences between this one and the rest of IPO's in past history .
Lest look on some history and current filing .
CoinBase IPO some facts :
Wednesday 4/14/21
Ticker well you can see in screen post on TV .. (COIN)
It is direct listing ! no UNDERWRIGHTERS .. Similar to Spotify $SPOT Palantir $PLTR . We will look in to these later so stay with me .
This will be the largest listing in history of Nasdaq .
We know that we have 114,850,769 shares registered .
OK so you ask HOW MUCH ??
- $343.58 - was a average price on NASDAQ Private Market during Q1 .
That is what would be expecting opening price area .
Potential Valuation
96,889,560,000 > 96.9B ! Yes this is very staggering ! Why you ask ..
Lets look under the hood of the largest exchanges we got .
( ICE ) Intercontinental exchange trading currently at ~ $113.60 Valuated 64.5 B
( NDAQ ) Nasdaq trading currently @~ $152.66 with Valuation of 24.8 B
( CME ) CME Group Trading @ ~ $204 Valuation 73.3 B
So we have CoinBase With potential Valuation of 96B coming in to the market from the gate . Only if we open at current trading price .
I know what you think this is very expensive and is it wort this much .,...
Well I kind of agree with you and it is pricy IPO but if we look in to some numbers all this will start making more sense .
REVENUES PER YEAR .
2016 > $16.000.000
2017 > $ 927.000.000
2018 > $520.000.000
2019 > $483.000.000
2020 > $1.140.000.000
FIRST QUARTER OF 21 > 1.800.000.000 Yes only first quarter ONCE AGAIN this is $1.8B .
SEC filing that came out on the 6TH of April .
First Quarter Estimated Results
For the first quarter of 2021 , the company currently expects the following as of or for the three months ended Martch 31 / 21
- Verified Users 56 million
- Monthly Transacting Users of 6.1 Million
- Assets on platform of $233 Billion representation 11.3% crypto asset market share ( this if huge ) Also $122 Billion of assets from the institutions ( that means that large Players are using this platform)
- Trading Volume of $335 B
- Total revenue of approximately 1.8B
Net Income of approximately 730M to 800M KEEP in mind that most companies don't have net income as of listing they are expecting these in the long future . These guys are crushing at this point ..
So what to think and how should we think about trading this .
In order to come out with some strategy we should look in to recent IPO's .
If you are a investor you might say I'm going to put my $ on it and revisit in couple of months . And that could work out for you just fine.
I'm not planning to trade this @ opening day I will look in to couple days first and come up with some strategy as we have some data available .
Here we have Palantir and my approach with it .
And here is Spotify .
I want to point something out > Look in to this company numbers and tell me that COIN its not worth ~$300 . I would like to know your opinion and what you found . Yes you have to do some home work but I think by doing so you will get stronger grip on potential that might be around the corner.
Lets recap .
Number one I think crypto market its hot and It will remain hot IMO .
I think this is good play one way or the other Think this way . Who made most $$$ in GOLD rush era .. Yes people that sold picks and shovels ...
Thank you for checking this out . Hit the like if you like the idea .
As always wish you best and See you next time ,
Sorry no fancy chart here but some information you might be interested in ..
We have very interesting IPO coming this week . 4-14 Wednesday
Why you ask : Well there is many differences between this one and the rest of IPO's in past history .
Lest look on some history and current filing .
CoinBase IPO some facts :
Wednesday 4/14/21
Ticker well you can see in screen post on TV .. (COIN)
It is direct listing ! no UNDERWRIGHTERS .. Similar to Spotify $SPOT Palantir $PLTR . We will look in to these later so stay with me .
This will be the largest listing in history of Nasdaq .
We know that we have 114,850,769 shares registered .
OK so you ask HOW MUCH ??
- $343.58 - was a average price on NASDAQ Private Market during Q1 .
That is what would be expecting opening price area .
Potential Valuation
96,889,560,000 > 96.9B ! Yes this is very staggering ! Why you ask ..
Lets look under the hood of the largest exchanges we got .
( ICE ) Intercontinental exchange trading currently at ~ $113.60 Valuated 64.5 B
( NDAQ ) Nasdaq trading currently @~ $152.66 with Valuation of 24.8 B
( CME ) CME Group Trading @ ~ $204 Valuation 73.3 B
So we have CoinBase With potential Valuation of 96B coming in to the market from the gate . Only if we open at current trading price .
I know what you think this is very expensive and is it wort this much .,...
Well I kind of agree with you and it is pricy IPO but if we look in to some numbers all this will start making more sense .
REVENUES PER YEAR .
2016 > $16.000.000
2017 > $ 927.000.000
2018 > $520.000.000
2019 > $483.000.000
2020 > $1.140.000.000
FIRST QUARTER OF 21 > 1.800.000.000 Yes only first quarter ONCE AGAIN this is $1.8B .
SEC filing that came out on the 6TH of April .
First Quarter Estimated Results
For the first quarter of 2021 , the company currently expects the following as of or for the three months ended Martch 31 / 21
- Verified Users 56 million
- Monthly Transacting Users of 6.1 Million
- Assets on platform of $233 Billion representation 11.3% crypto asset market share ( this if huge ) Also $122 Billion of assets from the institutions ( that means that large Players are using this platform)
- Trading Volume of $335 B
- Total revenue of approximately 1.8B
Net Income of approximately 730M to 800M KEEP in mind that most companies don't have net income as of listing they are expecting these in the long future . These guys are crushing at this point ..
So what to think and how should we think about trading this .
In order to come out with some strategy we should look in to recent IPO's .
If you are a investor you might say I'm going to put my $ on it and revisit in couple of months . And that could work out for you just fine.
I'm not planning to trade this @ opening day I will look in to couple days first and come up with some strategy as we have some data available .
Here we have Palantir and my approach with it .
And here is Spotify .
I want to point something out > Look in to this company numbers and tell me that COIN its not worth ~$300 . I would like to know your opinion and what you found . Yes you have to do some home work but I think by doing so you will get stronger grip on potential that might be around the corner.
Lets recap .
Number one I think crypto market its hot and It will remain hot IMO .
I think this is good play one way or the other Think this way . Who made most $$$ in GOLD rush era .. Yes people that sold picks and shovels ...
Thank you for checking this out . Hit the like if you like the idea .
As always wish you best and See you next time ,
