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Get a daily digest of the most important stories affecting your hometown with Axios Des Moines Enter your email address[ ] Please enter a valid email. Please enter a valid email. Subscription failed Subscribe for free Thank you for subscribing! Want a daily digest of the top Twin Cities news? Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities Enter your email address[ ] Please enter a valid email. Please enter a valid email. Subscription failed Subscribe for free Thank you for subscribing! Want a daily digest of the top Tampa Bay news? Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay Enter your email address[ ] Please enter a valid email. Please enter a valid email. Subscription failed Subscribe for free Thank you for subscribing! Want a daily digest of the top Charlotte news? Get a daily digest of the most important stories affecting your hometown with Axios Charlotte Enter your email address[ ] Please enter a valid email. Please enter a valid email. Subscription failed Subscribe for free Thank you for subscribing! Enter your email address[ ] Please enter a valid email. Please enter a valid email. Subscription failed Subscribe for free Thank you for subscribing! 24 hours ago - Economy & Business Coinbase valued above $100 billion, ahead of direct listing Dan Primack, author of Pro Rata Illustration: Eniola Odetunde/Axios Cryptocurrency exchange Coinbase was valued at just over $100 billion in a recent private market share sale ahead of its upcoming public listing, Axios has learned from multiple sources. Why it matters: Coinbase could go public at a higher initial valuation than any other U.S. tech company since Facebook. By the numbers: Coinbase generated $141 million of net income on $691 million in revenue for the first nine months of 2020, according to documents shared with investors. * The company disclosed a $30 million net loss on $530 million in revenue for full-year 2019. * None of these revenue numbers include 2021, during which the price and trading volume of Bitcoin has skyrocketed. Share sale: Coinbase last month launched a secondary share sale via Nasdaq Private Markets (f.k.a. Second Market), offering up to 1.8 million shares in weekly batches. * The goal was to help Coinbase determine a reference price for its public offering, which will be done via direct listing instead of IPO. * The initial batch of 75,000 shares was sold on Jan. 29 at $200 per share. That worked out to a valuation of nearly $54 billion, compared to the $8 billion valuation Coinbase received during its prior venture capital round in late 2018. * The next two batches were sold at $301 and $303, respectively. * The most recent batch of 127,000 shares was sold Friday at $373, which works out to a valuation of $100.23 billion. Between the lines: It's unclear if the secondary share sale is still useful to Coinbase for the purpose of determining a reference point for direct listing, given the upward surge. * Axios also was unable to learn how much longer Coinbase plans to keep it open. Go deeper: Coinbase offers crypto industry legitimacy Go deeper Alayna Treene, author of Sneak Peek Updated 1 hour ago - Politics & Policy Trump to speak at CPAC next week Photo: Chip Somodevilla / Getty Images Former President Trump will speak at next week's Conservative Political Action Conference (CPAC) conference in Florida, his first public appearance since leaving office, a source with direct knowledge tells Axios. What we're hearing: Trump plans to directly attack President Biden's new immigration plan and will talk about the future of the Republican Party, a source familiar with his speech said. Go deeper (<1 min. read) Jacob Knutson Updated 2 hours ago - Politics & Policy U.S. deports former Nazi concentration camp guard to Germany Friedrich Karl Berger in a photo from 1959. Photo: Department of Justice The U.S. has deported a 95-year-old man to Germany after a federal investigation found that he worked as a guard in a Nazi concentration camp during World War II, the Department of Justice announced Saturday. Why it matters: Federal agencies said Friedrich Karl Berger, a German citizen, participated in Nazi-sponsored persecution in 1945 while serving as an guard in the Neuengamme concentration camp system in Northern Germany. Go deeper (1 min. read) Laurin-Whitney Gottbrath 2 hours ago - World In photos: Monsoon floods hit Indonesian capital, force 1,300 to evacuate An Indonesian man helps a woman navigate a heavy current in a flooded neighborhood of Jakarta, Indonesia. Photo: Ed Wray/Getty Images Severe monsoon flooding across several areas of Indonesia's capital forced more than 1,300 people to evacuate on Saturday, Reuters reported. The big picture: The country's meteorology agency warned that conditions are expected to worsen as the heaviest rain of the season could fall in and around Jakarta over the next week, per Reuters. Go deeper (<1 min. read) Axios gets you smarter, faster with news & information that matters. Copyright Axios Media, 2021 About About Axios Advertise with us Careers Events Axios on HBO Axios HQ Privacy and terms Online tracking choices Contact us Subscribe Axios newsletters Axios app Axios podcasts Courses