{"id":219238,"date":"2021-04-05T12:47:41","date_gmt":"2021-04-05T09:47:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/what-we-know-about-coinbases-april-14-ipo\/"},"modified":"2021-04-05T12:47:41","modified_gmt":"2021-04-05T09:47:41","slug":"what-we-know-about-coinbases-april-14-ipo","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/what-we-know-about-coinbases-april-14-ipo\/","title":{"rendered":"#What we know about Coinbase\u2019s April 14 IPO"},"content":{"rendered":"

“#What we know about Coinbase\u2019s April 14 IPO<\/strong>”
\n<\/p>\n

\n One of the largest crypto exchanges in the US, Coinbase, announced last week that it\u2019s planning to go public on April 14.<\/p>\n

The firm said that the\u00a0Securities and Exchange Commission (SEC) has accepted its S-1 registration statement and it\u2019ll have the ticker symbol of COIN, which is pretty cool.<\/span><\/p>\n

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We\u2019re happ<\/a>y to announce that earlier today, the SEC declared our S-1 registration statement effective and that we expect our direct listing to occur on April 14, 2021, with our Class A common stock trading on the @NASDAQ<\/a> under the ticker symbol COIN.https:\/\/t.co\/cwRZWmj9Pv<\/a><\/p>\n

\u2014 Coinbase (@coinbase) April 1, 2021<\/a>\n<\/p><\/blockquote>\n

Coinbase has opted for a direct listing \u2014 just like Spotify, Slack, and Asana \u2014 instead of hiring a bank to broker the IPO. This means existing investors can sell their shares to new investors. The crypto exchange will disclose a reference trading price a night before it\u2019s listed on the stock exchange.<\/p>\n

Initially, the company aimed to go public in March<\/a>, but it had to postpone its plans as it was undergoing an SEC review. Coinbase also reached a $6.5 million settlement<\/a> with the Commodity Futures Trading Commission, where it was facing accusations of reporting false information about its transactions.<\/p>\n

The company was founded in 2012, and has more than 43 million users with 34% year-on-year growth. The company registered a profit of $322 million in 2020<\/a> with $1.2 billion in revenue, thanks to booming Bitcoin prices.<\/p>\n

To date, the firm has raised $547 million through various rounds<\/a> of funding from noted investors such as Andreessen Horowitz and Tiger Global Management. Bloomberg noted last week, according to figures from Nasdaq\u2019s private market trading, Coinbase was valued at $90 billion<\/a>.<\/p>\n

\n Published April 5, 2021 \u2014 09:47 UTC\n <\/p>\n<\/p><\/div>\n