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Coinbase Announces Plans To Pursue Direct Stock Listing
Summary: Coinbase has released plans to pursue a direct listing of its class A common stock pursuant to a registration statement with the United States Securities and Exchange Commission, or SEC, according to a recent blog post from the popular crypto exchange. The Form S-1 registration statement will become effective after the securities regulator completes its review. ...
Coinbase has released plans to pursue a direct listing of its class A common stock pursuant to a registration statement with the United States Securities and Exchange Commission, or SEC, according to a recent blog post from the popular crypto exchange.
The Form S-1 registration statement will become effective after the securities regulator completes its review. The exchange has long been rumored to be considering a public lauch, but this is the most concrete step forward in the company's pursuit.
The direct listing format would not offer new shares but instead sell existing shares directly to the public.
“This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities,” Coinbase said. "This announcement is being issued in accordance with Rule 135 under the Securities Act."
Crypto analytics company Messari Research recently argued that the exchange could be worth $28 billion after a public offering.
By Emily Mason
Tags: Coinbase,IPO,SEC,Securities and exchange commission
Link: Coinbase Announces Plans To Pursue Direct Stock Listing [Copy]
