Coinbase Gets Ready For Its IPO

Coinbase Gets Ready For Its IPO

By Abhimanyu Krishnan | News | 18 Dec 2020


In a blog post published on Dec. 18, San Francisco-based exchange Coinbase revealed that it had filed documents with the United States Securities and Exchange Commission (SEC) to go public.

  • Coinbase submitted a draft registration statement on Form S-1 with the SEC; once approved, the application will become effective “after the SEC completes its review process, subject to market and other conditions”
  • Reuters reported in Jul. 2020 that the company would be going public, though it is as of yet unknown whether it will be an IPO or direct listing
  • Valued at $8 billion in 2018, Coinbase is taking steps to avoid drawing the ire of financial authorities; the filing will still have to pass the scrutiny of the SEC, which has intensified its review of the cryptocurrency market with several lawsuits
  • The filing completes an eventful year for Coinbase, which has doubled down on compliance and faced controversy over allegations of racism

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


News
News

Official Publish0x Crypto News Channel

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.