Coinbase has decided to join companies that chose direct listings rather than IPOs to go public and avoid diluting their existing shareholders and handing over cheap stock to new investors. The leading digital currency exchange Coinbase has revealed its plans to go public. Instead of running a traditional IPO, Coinbase is intending to become a publicly-traded company pursuant to a proposed direct listing of its Class A common stock. The exchange has already confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission (SEC).…
Coinbase Preparing to Go Public via Direct Listing
