The date for the IPO of Coinbase is fixed

The date for the IPO of Coinbase, which is eagerly anticipated in the financial markets, has been set. The debut on the New York Nasdaq will take place on April 14th, as announced by Coinbase. The largest US trading platform for crypto currencies such as Bitcoin wants to list 114.9 million shares under the ticker symbol "COIN" on the Nasdaq, according to earlier information from the US Securities and Exchange Commission (SEC). However, this is not a classic IPO, but a so-called direct placement without the support of investment banks and a prior pricing process. Coinbase benefited greatly from the crypto hype even before the stock market premiere. The group was recently valued by investors at at least 67.6 billion dollars. Analysts believe that an overall valuation of more than 100 billion dollars is possible for the IPO. Coinbase's leap onto the trading floor could be a milestone on the way to widespread acceptance of cryptocurrencies as an asset class, experts speculate. Coinbase was founded in 2012 and is used by more than 43 million people in over 100 countries. Coinbase had only been sentenced to a million dollar payment just under two weeks ago. The US derivatives regulator CFTC fined the crypto platform $ 6.5 million. The reason for this was false, misleading and inaccurate reports on transactions in digital assets including Bitcoin between January 2015 and September 2018, the agency said.