Coinbase has announced plans to go public but the company doesn’t plan to do so through an initial public offering (IPO).
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Here’s everything investors need to know about Coinbase ahead of its public listing.
- Coinbase says that it .
- While not unheard of, direct listings aren’t as common as IPOs.
- Slack (NYSE:WORK), Palantir Technologies (NYSE:PLTR), and Spotify (NYSE:SPOT) are all examples of companies that went public through direct listings.
- A direct listing happens when a company goes public without offering new shares of its stock.
- Instead, current shareholders sell their shares of the stock on the public market.
- The company doesn’t reveal when this direct listing will take place.
- It also doesn’t say what exchange its shares will trade on or what stock ticker they will be under.
- To go along with that, it doesn’t say how many shares are on the market or if a certain number of shares will be offered up in the direct listing.
- Coinbase is a digital currency exchange that allows users to .
- That includes Bitcoin (BTC), Etherum (ETH), Litecoin (LTC), and others.
- The company is based out of San Francisco, Calif.
- It was founded in 2012 by Brian Armstrong and Fred Ehrsam.
- Coinbase is currently
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
