The largest American cryptocurrency exchange Coinbase will enter the public markets via a direct listing, according to a сообщении.
In December 2020 the platform filed with the United States Securities and Exchange Commission (SEC) a application for an initial public offering (IPO) on Form S-1.
On January 28, 2021, Coinbase representatives clarified that the company would become public via [simple_tooltip content=’the process of going public in which no new shares are sold, but existing shares held by shareholders are’]direct listing[/simple_tooltip] of Class A ordinary shares.
“The Form S-1 will become effective after the SEC review process is completed, taking into account market and other conditions,” the company noted.
Rumours about Coinbase’s IPO preparations emerged in October 2018. The exchange was valued at $8 million then, but Chief Operating Officer and President Asiff Hirji ruled out this matter as a top priority.
In July 2020, Reuters, citing sources, reported that the company was preparing for a stock offering on the market.
As reported in December, analysts valued Coinbase’s potential market capitalization after it gained public status at $28 billion.
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