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When is the Cipher IPO Date?
In March 2021, Cipher announced plans to enter the public markets via a SPAC deal. SPAC stands for Special Purpose Acquisition Company, and firms like this are often called ‘blank check companies’ since the sole purpose for existing is to purchase a private company and bring them public. SPAC deals avoid some of the regulatory headaches that most IPOs contend with, but still have their downsides.
Cipher will merge with the Good Works Acquisition Company (NASDAQ: GWAC) in a deal rumored to be worth over $2 billion. Once finished, the company will be known as Cipher Mining Inc. and trade on the Nasdaq under the ticker CIFR. No formal IPO date has been announced yet, but analysts are expecting a debut sometime before the end of Q2 in 2021.
The highly anticipated
Coinbase (NASDAQ:COIN) IPO is set to take place next week. The company is seeing its valuation rise dramatically on private exchanges ahead of the IPO.
Given the potential demand for a well-known brand and recently reported strong earnings, shares could pop in its public debut.
Investors who are looking to get into the Coinbase IPO could consider finding peer companies that could trade higher on a successful listing from the cryptocurrency exchange company.
Here are three SPACs that could be trade ideas for the Coinbase IPO.
VPC Impact Acquisition Holdings (NASDAQ:VIH)
: Merging with Bakkt, VPC Impact Acquisition Holdings is a SPAC that could move higher on the Coinbase IPO news.
The Dominant Trading Theme Right Now Is Waiting for the Next Catalyst I m currently heavily invested in several stocks that are drifting around as I m quite confident that the eventual catalysts will come.
Apr 06, 2021 | 01:09 PM EDT
Every market has a primary theme. It may be big-cap growth stocks, small-cap speculation, correlated selling, a focus on earnings, or any number of other things. Staying in tune with the dominant market theme is the key to navigating the market action.
Currently, the primary theme of the market is waiting for the next catalyst. We have gone through a rotation period, have dealt with bonds and some inflation concerns, and started pricing in a return to a normal economy. Many stocks are now waiting for the next catalyst to trigger some momentum.
Good Works II Acquisition Corp prepares for larger IPO - Houston Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.