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.
Jan 28, 2021 at 7:25 p.m. UTCUpdated Aug 19, 2021 at 6:55 a.m. UTC
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Leading cryptocurrency exchange Coinbase Global said it intends to become a publicly traded company pursuant to a proposed direct listing of its Class A common stock.
- On Dec. 17, 2020, Coinbase announced it had confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission.
- The S-1 is not yet publicly available. The firm's announcement Thursday included no details as to when the stock would be listed or under which ticker.
- Coinbase recently announced it had $90 billion in assets on platform at the close of 2020 and 43 million registered users.
- By comparison, there are roughly 13 million users on Robinhood, the fintech app embroiled in controversy after abruptly halting trading of GameStop (GME) and other meme stocks.
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