Coinbase to Become Publicly Traded, Announces Proposed Direct Listing of Shares
Coinbase announced last month it had confidentially submitted a draft registration statement with the SEC.
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Minutes ago it was announced that Coinbase is looking to become a publicly-traded company. The firm wrote in a blog post dated January 28th: “Coinbase Global, Inc. today announced its intent to become a publicly-traded company pursuant to a proposed direct listing of its Class A common stock. Such proposed listing is expected to be […]
Cryptocurrency exchange Coinbase has announced its plan to go public via a direct listing of its Class A common stock. The post Coinbase Announces Intention To Go Public With Direct Listing appeared first on Bitcoin Magazine.
Roughly nine months ago, Coinbase’s initial public offering (IPO) via a direct listing on Nasdaq launched, and shares swapped for $342 per share on April 16, 2021. Since then, Coinbase shares have dropped by close to half that value and today, COIN is swapping for more than 45% lower at $187 per unit. Coinbase Follows Bitcoin With Shares Down 45% From ATH Coinbase (Nasdaq: COIN) is a popular crypto firm and digital asset exchange with 8.8 million monthly transacting users during its height in Q2 2021. The business founded by Fred Ehrsam and Brian Armstrong in 2012 officially went....
The San Francisco-based cryptocurrency exchange Coinbase recently announced the company plans to do a direct listing, as opposed to following the initial public offering (IPO) route. The decision means that Coinbase can float its shares on an exchange without hiring a financial institution to underwrite the settlements. Coinbase to Skip IPO Process, Shoots for a Direct Listing Just recently people familiar with the matter received a tip that the exchange giant Coinbase had plans to sell shares privately ahead of the IPO. In mid-December, Coinbase revealed the confidential filing of an S-1....
Cryptocurrency exchange Coinbase has filed for an initial public offering with the U.S. Securities and Exchange Commission (SEC). The company has chosen the direct listing route and has applied for its shares to be listed on Nasdaq. Coinbase filed Form S-1 Registration Statement for its IPO with the SEC on Thursday. The company revealed in December that it had confidentially applied to go public. The company explained that it is offering “Class A common stock for sale via a direct listing,” which means “any person or business with a brokerage account” can place....