Coinbase Picks Goldman Sachs to Lead Upcoming IPO: Report
Coinbase's selection comes per industry sources cited by Business Insider.
Coinbase has tapped Goldman Sachs to lead its upcoming initial public offering, per a report by Business Insider that cited industry sources published Friday.
- Coinbase announced Thursday it had filed preliminary documents with the U.S. Securities and Exchange Commission in preparation for a public offering.
- Earlier this week, the firm also published a memo to clients saying that bitcoin poses no serious thread to gold's status as a last-resort monetary commodity.
- Nonetheless, Goldman has been active in the cryptocurrency industry from early on, including investments in Circle, Bitgo and other leading companies.
- Coinbase declined to comment on the report.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.