Digital Asset Exchange Coinbase to Go Public through a Direct Listing Instead of Conducting an IPO


Digital asset exchange Coinbase has confirmed its plans to become a publicly-traded company “pursuant to a proposed direct listing of its Class A common stock.”
Coinbase Global, Inc. noted in a blog post published on January 28, 2021, that the proposed listing is “expected to be pursuant to a registration statement” on Form S-1 with the US Securities and Exchange Commission (SEC).
Coinbase Global had previously stated on December 17, 2020 that it was confidentially filing a draft registration statement on Form S-1 with the US SEC. The Form S-1 is “expected to become effective after the SEC c