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 an order for the shares in the opening order book.
  • The SEC filing explains that Coinbase has applied to list its Class A common stock “on the Nasdaq Global Select Market under the symbol COIN.”
  • Coinbase states that it currently has “approximately 43 million retail users, 7,000 institutions, and 115,000 ecosystem partners in over 100 countries.” As of Dec. 31,…

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Source: https://news.bitcoin.com/coinbase-files-ipo-direct-listing-nasdaq-valuation-100b/