{"id":455528,"date":"2021-01-28T19:33:58","date_gmt":"2021-01-28T19:33:58","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=455528"},"modified":"2021-01-28T19:33:58","modified_gmt":"2021-01-28T19:33:58","slug":"coinbase-announces-proposed-direct-listing-amid-crypto-boom","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/coinbase-announces-proposed-direct-listing-amid-crypto-boom\/","title":{"rendered":"Coinbase Announces Proposed Direct Listing Amid Crypto Boom"},"content":{"rendered":"
Minutes ago it was announced that Coinbase is looking to become a publicly-traded company. The firm wrote in a blog post dated January 28th:<\/p>\n
“Coinbase Global, Inc. today announced its intent to become a publicly-traded company pursuant to a proposed direct listing of its Class A common stock. Such proposed listing is expected to be pursuant to a registration statement on Form S-1 with the Securities and Exchange Commission (the \u201cSEC\u201d).”<\/p><\/blockquote>\n
Of note, this is not an initial public offering. Instead, Coinbase would allow existing shareholders to trade their positions on the primary market.<\/p>\n
This comes shortly after the company announced that it had confidentially submitted a draft registration statement on Form S-1 with the SEC.<\/p>\n
Coinbase will be the first major cryptocurrency company to trade on a major U.S. exchange if it does manage to move forward with this direct listing process.<\/p>\n
Coinbase’s decision to go public comes as the crypto market has begun to see an influx of institutional and retail interest as prices move higher.<\/p>\n