The San Francisco-based Queenbase announced yesterday that it has submitted a formal application for an initial public offering.
Cryptocurrency trading platform “Coinbase” is preparing for an official IPO
But public investors will have to wait for Coinbase to compile and adjust details with the US Securities and Exchange Commission.
But there is another solution that was preceded by the "FTX" platform for digital currency trading, as it will soon allow its users to enter the futures market in advance to buy shares of "Coinbase" through the "FTX" trading platforms, according to what was stated by "Sam Bankman-Fred", CEO of the platform. Coindesk "FTX".
According to the source, Sam Bankman-Fred is working with CM-Equity, the latter which is a German capital markets company, and partnered with it when the FTX platform launched digital stock markets in October.
An initial public offering (IPO) is somewhat like an “ICO”, although instead of offering cryptocurrencies, a company's shares are being offered.
As a reminder, QueenBase has raised $ 547.3 million in financing since its inception in 2012, according to CrunchBase data.
Analyst firm Messari estimated the value of QueenBase at $ 28 billion.
In July, QueenBase revealed that it has 35 million users.
The FTX trading platform launched a market similar to the initial public offering of “Airbnb” prior to its launch on December 10.
When the Airbnb IPO was launched, the stock price more than doubled.
So, how can one buy a stake in the QueenBase hypothetical contract before the IPO?
Assuming that it is not different from what the FTX platform did previously with “AirBNB”, it will be necessary to first register on the FTX trading platform, then buy some stable currencies linked to the dollar “USDC”. For information, “USDC” is operated by the Center company, which represents a union between the crypto company Circle. And ... Queen Piece!
After that, the cryptocurrency can be exchanged for the USDC for a “Coinbase” IPO on the FTX platform.
By doing so, you will be among the first investors to buy QueenBase shares before the IPO.