Coinbase Global plans to go public in a direct listing set for April 14, the largest U.S. cryptocurrency exchange said in an SEC filing. The direct listing could raise as much as $1.3 billion, according to the filing. The company will list on the Nasdaq under COIN.
Founded in 2012, Coinbase provides crypto services for institutional and retail clients. Almost all of its revenue comes from transaction fees associated with Bitcoin trading.
Based on the recent price of Coinbase shares sold privately, the company could have a valuation as great as $67.6 billion, the company said in a filing. Read more.
