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Coinbase Eyeing US Stock Market Listing as Early as This Year


Coinbase Inc is planning a U.S. stock market listing for later this year or early 2021, Reuters reported on Thursday. The plan is subject to approval by the U.S. Securities and Exchange Commission. If successful, Coinbase could become the first major American cryptocurrency exchange to go public. Instead of an initial public offering (IPO}, where new shares are created, Coinbase is considering a direct stock market listing, Reuters reported, quoting three sources familiar with the plans. In a direct listing, “no new shares are created and only existing, outstanding shares are sold,” eliminating the risk of diluting existing shareholding. Existing investors are not bound by any lockup period and can sell their shares directly to the public. Read More...



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