Weekly Watchlist: April 12-16

COIN and BTWN

COIN: Coinbase is set to IPO on Wednesday, April 14th on the Nasdaq exchange. This past week, Coinbase announced their Q1 earnings, and “WOW” were they jawdropping. In 2020, Coinbase was able to generate $1.27 Billion which was a 140% revenue growth YOY. In Q1 of 2021, Coinbase generated over $1.8 Billion!! In one quarter alone, Coinbase was able to collect the entire amount of revenue they generated in 2020. Q1 only solidifies the hype and the exponential growth Coinbase and other crypto brokers are experiencing right now. The valuation of Coinbase should jump quite substantially after their Q1 numbers, only making their company more richly valued when they IPO. Many investors and traders will definitely be waiting for Coinbase on IPO day! April 14th will definitely go down in the record books with Coinbase becoming one of the largest IPO.

BTWN: Friday Morning, people familiar with the matter announced that Traveloka is in talks with merging through Peter Theil’s SPAC, Bridgetown Holdings (BTWN) The deal will be valued at $5 billion with an additional $750-900 million funding through the pipe. Although the deal hasn’t been confirmed yet, Traveloka has the potential to become a great prospect from the tailwinds coming from the increase in vacation travel. If Traveloka does merge with BTWN, I may potentially start a speculative position.