You can't have missed it : Coinbase is going public. Beyond the fact that it is a huge news for the massive adoption of the crypto environment, some of the investors may be interested about buying Coinbase stocks.
A 100 billion $ estimated value
The firm has been estimated at 100 billion $. However, what does that really mean ?
First, only half of the company is going public, as 50 % will still remain to the creators and owners. Knowing that there are 115 millions shares issued, the prize of one $COIN (the stock ticker's name) should be a bit less than 450 $ worth.
Please note that Coinbase stocks are already negotiated near 500 $ worth. I personally think this value is a bit too high due to the beautiful bullrun that we're currently observing.
Should I buy some ?
It is always good to remind you that it is not an investment advice. My opinion is that this IPO is a bit overvalued at the moment. If you want to make a big shot, like you can sometimes make in crypto, with a x10 in few months, I think you should not be interested in purchasing it.
However, I think this investment seems to be very less risky, as Coinbase is more than a crypto, it is now a financial institution, and if you keep this stock for 5, 10 years, I think you'll be a winner. Plus, the $COIN prize might be related with the growth of the cryptocurrency market, which has, in my opinion, a bright future. Those reasons are making me enthusiast about the long term prize of the Coinbase stocks, and I think it could really be worth it.
After reading this, will you buy some ?
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