IPO

Coinbase went public on April 14, 2021, under the ticker symbol “COIN” as the first cryptocurrency exchange. Coinbase is the most valuable U.S. exchange with the market cap at $85 billion after the first day of trading on Nasdaq. The platform reported a nine-fold increase of revenue from $190.6 million in 2020 to $1.8 billion in Q1 2021.

Going public through an IPO is usually a significant step for private companies. Despite many challenges resulting from increased regulations, high market volatility, close public scrutiny, or large legislative impact, companies still resolve to go public.

On March 11, Coupang, based in Seul, made its IPO debut on the New York Stock Exchange under the ticker “CPNG.” The company raised $4.55 billion in the largest IPO in the U.S. this year and the biggest foreign listing since Alibaba in 2014.

Roblox Corporation is the company behind the massively popular video game platform for kids, planning to go public on the New York Stock Exchange (NYSE) in March under the symbol RBLX. The disruptive company has a significant potential for growth, but will it be a revenue-bearing investment?