The cryptocurrency giant Coinbase, which announced plans to go public in December, intends to sell its shares by means of a direct listing, Fortune reports, citing an internal company memo seen by the business magazine.
“We believe a direct listing more closely follows the ethos of crypto and Coinbase because it democratizes access and opportunities for all investors,” wrote CFO Alesia Haas in the memo sent to employees. The company also wrote a blog post announcing the decision. Read more.
