Cryptocurrency trading company, Coinbase has announced that its public debut will be a direct listing instead of a traditional Initial Public Offering (IPO).
Coinbase made this known in a press release published on its official website on Thursday.
Its intent to become a direct listing of its Class A common stock is expected to be pursuant to a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”).
The company had previously announced on December 17, 2020, that it had confidentially submitted a draft registration statement on Form S-1 with the SEC. The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions.
READ ALSO: 3 Important Tips On Avoiding Cryptocurrency Scams
According to the release, this announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Any offers, solicitations, or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). This was issued in accordance with Rule 135 under the Securities Act.
Lawrence is a vibrant digital journalist that loves creating SEO-focused content that drives busines...
0 Comment(s)
SPONSORED
HEADLINE
TRENDING