Over five digital currency companies want to IPO
Over five digital currency companies have expressed interest in going public–experts warn that both equities and digital currency are in a bubble.
Latest IPO News
Miner maker MicroBT rumored to be close to IPO
The Chinese block reward miner manufacturer is preparing for an imminent initial public offering (IPO) that could see the firm debut on the Nasdaq over the coming weeks, according to reports.
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Coinbase is going public
The rumors are true. Coinbase has recently confirmed that they have filed to become a publicly traded company in the United States.
Robinhood hires Goldman Sachs to lead $20B IPO: report
Digital currency-friendly stock trading platform Robinhood Markets Inc. has reportedly hired Goldman Sachs to lead its upcoming IPO.
Brazil readies state-backed digital bank for IPO
Brazil’s federal government is reportedly in advanced stages of planning the initial offering of shares in the freshly created Caixa Econômica Federal.
Ebang eyes financial service pivot with New Zealand firm buy
Ebang has announced an interest in acquiring a New Zealand financial company and to set up a digital asset financial services company.
This surge in user numbers has helped the company secure $660 million in an extended Series G funding round, a spokeswoman for the firm told Reuters. The fundraising is an extension of the Series G funding round that the company announced in August in which it raised $200 million from new investor D1 Capital Partners.
The new cash infusion comes from new and existing investors in the company. They include Sequoia, Andreesen Horowitz, Ribbit Capital, 9Yards Capital and DST Global.
“We’ve raised an additional $460 million in subsequent closings to our Series G to support our core product and customer experience and new offerings like cash management and recurring investments,” the spokeswoman said.
Robinhood has raised $1.25 billion from investors in 2020 alone, Reuters reported. In May, the Menlo Park, California-based firm raised $280 million in a Series F fundraising round led by Sequoia Capital. The capital was to be invested in rolling out more products and expanding globally, co-CEO Vlad Tenev stated at the time.
Robinhood has now raised $2.2 billion from investors in total, company insights platform Crunchbase revealed. Its $11.7 billion valuation is now $4 billion up from just over a year ago when it was valued at $7.6 billion following a $323 million fundraising round.
Established in 2013, Robinhood has taken the stock trading industry by storm with its zero-commission model. Its easy-to-use platform has also made it popular with novice retail traders. Robinhood also allows its users to trade Bitcoin SV and six other digital currencies, further increasing its popularity as a one-stop shop for all trading needs.
It hasn’t been all smooth-sailing for the company, however. As CoinGeek reported, the company is under investigations by the SEC over alleged failures to disclose how it generates its profits. Being a zero-commission platform, Robinhood makes money by selling customer orders to market makers. In December last year, the company paid $1.25 million to FINRA over failures relating to the routing of customer orders through broker-dealers.
" title="Robinhood raises $660M, pushes valuation to $12B" />Robinhood raises $660M, pushes valuation to $12B
Robinhood is now valued at $11.7 billion and has been reported to be planning an initial public offering this year.
Ebang misses IPO price mark as it begins publicly trading on Nasdaq
Ebang went public on a United States stock exchange at a time when U.S. sentiment around Chinese companies is at an all-time low.
Ebang seeks to join US-listed Chinese Bitcoin miner manufacturers
Like Canaan, which raised $90 million in its 2019 public listing, Ebang feels the U.S. market offers them the best chance for expansion.
Struggling Canaan offloads shares to employees
Canaan has filed an S-8, a form the U.S. SEC requires companies to file if they are looking to issue equity to their employees.
Nasdaq crackdown spells trouble for Chinese blockchain firms
Nasdaq will be making it more difficult for foreign companies, including blockchain firms, to list on its exchange.