Goldman Sachs Reportedly Picked to Lead Coinbase IPO

Well, that was fast.

One day after cryptocurrency market operator Coinbase announced that it confidentially filed the regulatory paperwork with the Securities and Exchange Commission (SEC) for an initial public offering (IPO), a report indicates that the issue's leading banker will be Goldman Sachs (NYSE: GS).

An article published by Reuters on Friday and citing "a person familiar with the matter" said Goldman had been formally hired to bring the company to market. Presumably, this means that the storied investment bank will lead the syndicate of banks underwriting the deal, although few details were provided.

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Source Fool.com