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America has been waiting for this IPO for a long time! Now Coinbase is getting serious. The largest cryptocurrency trading platform wants to go public through direct placement. The move is scheduled for April 14 on the US technology exchange Nasdaq, the company announced Thursday.
The SEC has already approved the plan. The trading platform announced in January that it wanted to go public. Coinbase’s jump to the trading floor is likely to be a milestone on the path to widespread acceptance of cryptocurrencies as an asset class.
Coinbase was founded in 2012 and is used by more than 43 million people in more than 100 countries. The company was last valued at $ 68 billion on its own account.
Investment banks not involved
The San Francisco-based company plans to place its shares on the market through a direct placement. The papers are listed directly on the stock market without the accompaniment of investment banks and a prior pricing process.
In March, Coinbase was forced to pay a multi-million dollar payment. The US derivatives regulator CFTC fined the crypto platform $ 6.5 million.
The reason was false, misleading and inaccurate reports on transactions in digital assets, including Bitcoin, between January 2015 and September 2018, the authority said at the time. (nim / SDA)
Published: 04/02/2021, 11:59 am
