The largest US cryptocurrency exchange Coinbase will enter the stock market through direct listing. This is stated in the message.
In December 2020, the platform sent an S-1 initial offer (IPO) application to the US Securities and Exchange Commission (SEC).
On January 28, 2021, Coinbase representatives clarified that the company will go public through a direct listing of Class A common stock.
“Form S-1 will enter into force after the completion of the SEC review process, taking into account market and other conditions,” – said the company.
Rumors of Coinbase preparing for an IPO surfaced in October 2018. Then the exchange was estimated at $ 8 million, but the operating director and president of the site Asiff Khirji excluded this issue from the number of priority priorities.
In July 2020, Reuters, citing sources, announced the preparation of the company for a share placement on the stock market.
Recall that in December, analysts estimated the potential capitalization of Coinbase after it gained public status at $ 28 billion.
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