Coinbase Global, the biggest U.S. cryptocurrency exchange, now aims to go public in April after its plans for a direct listing this month have slipped, Bloomberg reports, citing people familiar with the matter.
The SEC has been reviewing the company’s plans for a direct listing, an alternative to a traditional IPO.
A representative for Coinbase declined to comment.
Last week, Coinbase’s backers registered for as many as 114.9 million shares to trade when the stock lists. In a direct listing, investors can begin selling their holdings as soon as a company starts trading rather than waiting for the expiration of a lockup period. Read more.
