previously went public through direct listings on the New York Stock Exchange, Coinbase will be the Nasdaq's first major direct listing.
The company has said it plans to register nearly 115 million shares of Class A common stock, which will trade under ticker symbol COIN. In a direct listing, the issuing company forgoes selling new stock and instead allows existing stakeholders to sell their shares to new investors. The SEC's green light marks a milestone for cryptocurrency advocates, who have piled into blockchain-related assets like bitcoin. Only recently have many traditional banks and institutional investorsWith bitcoin up about 800% in the past year and anof infrastructure companies and trading platforms emerging around it, Coinbase has soared in valued as a proxy for the broader crypto-economy.
Coinbase listed potential price declines in bitcoin as one of its risk factors in its prospectus. The company claims to have more than 43 million users trading digital assets in more than 100 countries.revealed that Coinbase had reached an implied $68 billion private market valuation, based on an average share price of $343.58.
Does this mean they are actually going to provide tax forms?
I think it's gonna open at $200 dollars .
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