Coinbase, Executives, Investors Hit With Lawsuit Over Nasdaq Listing
A class-action lawsuit has been filed against cryptocurrency exchange Coinbase, its executives, and investors over the company’s direct listing on Nasdaq. “According to the complaint, the registration statement and prospectus used to effectuate the company’s offering were false and misleading,” the lawsuit alleges. Class Action Lawsuit Against Coinbase Scott+Scott Attorneys at Law LLP announced Friday that it has filed a securities class action lawsuit against Coinbase Global Inc. (NASDAQ: COIN), with Donald Ramsey as the lead plaintiff. The lawsuit also names....
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Coinbase’s IPO via a direct listing on Nasdaq is today. Nasdaq has set a reference price of $250 for the stock which will trade under the ticker symbol COIN. Investors are describing Coinbase’s public debut as a “watershed” moment for the crypto industry. Coinbase’s Reference Price Set at $250 by Nasdaq Investors are eagerly waiting for Coinbase’s initial public offering (IPO). The company has chosen to go public via a direct listing on Nasdaq, which is different from a traditional IPO. “The Class A common stock of Coinbase Global Inc. is expected....
Coinbase’s direct listing will most likely set a precedent for other crypto firms, as COIN stock may rival Bitcoin for popularity. After an extended period of speculation as to when Coinbase would finally go live with its public stock listing, the United States-based cryptocurrency exchange released a blog post earlier this month stating that it had registered with the U.S. Securities and Exchange Commission to hold a direct listing on Nasdaq on April 14.In this regard, Coinbase’s Class A common stock is expected to trade on the Nasdaq Global Select Market under the ticker symbol “COIN.”....
Analysts say the impact of Coinbase listing on the Nasdaq will be overwhelmingly positive as it is the bridge legacy investors will use to tap into crypto. Coinbase, the top cryptocurrency exchange in the United States will soon be a publicly listed company once its COIN stock launches on the Nasdaq stock exchange on April 14.Generally, the sentiment around the listing has been overwhelmingly positive from both the crypto and traditional financial markets. With the date fast approaching, analysts have been issuing a variety of perspectives related to how the listing could impact Bitcoin....
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....
Coinbase listing has been considered a historic event in the crypto community. On April 14, one of the largest crypto exchange and trading platforms in the world made its debut on Nasdaq via a direct listing. The impact of this was a surge in crypto prices, with Bitcoin going up to $64,800 a day before […]