CoinCodex: Will The Coinbase IPO Catapult Cryptocurrencies Towards The Mainstream?
Coinbase made the headlines recently when it filed its S-1 on February 25 2021 to use a direct listing to offer its shares instead of a traditional initial public offering (IPO). This decision to eschew the traditional IPO process signals the first large-scale direct listing on the Nasdaq. In the lead up to its announcement, shares traded on the Nasdaq Private Markets at $373, yielding a company valuation of over $100 billion.
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