Coinbase expected to raise about 115 million shares on Nasdaq list

Coinbase, the largest crypto exchange in the United States, said on Wednesday that it registered nearly 114.9 million shares for direct listing on Nasdaq, which it chose to replace an IPO in the traditional purse. The San Francisco-based exchange announced its intention to go public in January 2021 and submitted Form S-1 to the SEC in February to provide potential investors with a detailed overview of a publicly traded company. including financial information and risk factors. Coinbase Direct Listing (formerly IPO): Everything You Need to Know Filing revealed that the exchange made $ 322 million in profits in 2020 from over $ 1.2 billion in revenues.

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