29 January 2021

Coinbase to list directly on stock market  

Written By FinTech Alliance in Blockchain

Coinbase to list directly on stock market  

Coinbase has announced it will go public via a direct listing, rather than an IPO.  

In Brief:  

  • Coinbase allows users to buy and sell cryptocurrency.  

  • The FinTech filed a draft document to list publicly last month.  

  • No new shares will be created.  

What does this mean?  

As a private company, Coinbase has raised over $540mn. In selling its existing shares when it goes public, Coinbase could see some more success given the popularity of cryptocurrency at the moment.  

Read more here.  

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