Reddit Confidentially Files For IPO

Reddit made another step towards going public. The social media giant announced filing a confidential draft statement for a planned IPO this Wednesday. The company filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC). The registration statement uses SEC Form S-1. Public companies in the US use the form to register new securities. The SEC requires this form and doesn't allow stock listing on the national exchange without it. Usually, companies submit the S-1 Form before their initial…

Coinbase To Become Publicly-Traded Via Direct Listing of Shares

In a Jan 28 blog, Coinbase unveiled plans to become a publicly-traded company in 2021 via a direct listing of its shares. The popular exchange stated that it would pursue a direct listing of its Class A common stock. The announcement comes as a follow-up to the leading exchange's earlier move to seek regulatory approval for a public listing. In Dec of last year, Coinbase confidentially filed a draft registration statement on Form S-1 with the SEC, laying down its…

Canada’s Ninepoint Completes $180 Million IPO of Bitcoin Fund

The Canadian asset management firm, Ninepoint Partners, has recently raised a total of $180 million from investors in an Initial Public Offering (IPO) for its Bitcoin Trust Fund. In an official press release published Wednesday, the firm revealed that it had received regulatory approval earlier this month and has officially listed its shares for the Fund on the Toronto Stock Exchange. More Exposure The Fund was created to help investors gain exposure to the world of cryptocurrencies, bitcoin precisely, without…

The Beginner’s Guide to Life Cycle Of an Initial Coin Offering (ICO)

Whenever anyone talks about ICO financing, every crypto enthusiast recalls when Ethereum was launched in 2014 as an ICO project. Ethereum has seen great success since its launch and has been able to compete with crypto giant Bitcoin. Although Ethereum was not the first ICO project, since its launch, there has been an upsurge in ICOs. A Fundera report shows that since 2014, ICOs have raised a cumulative total of $22.5 billion for new projects. The same report shows that…