infotechlead

Coinbase gets SEC approval for Nasdaq listing

Coinbase Global, the largest U.S. cryptocurrency exchange, has received approval from the U.S. Securities and Exchange Commission (SEC) to list its shares on the Nasdaq.
Coinbase
The company, which plans to go public through a direct listing, expects to list its shares on the Nasdaq under the ticker COIN on April 14.

In a direct listing, no shares are sold in advance, as is the case with an initial public offering (IPO). The company’s share price is determined by orders coming into the stock exchange.

Coinbase in a regulatory filing last month said its stock in the private market traded at a weighted average price of $343.58 in the first quarter of 2021 through March 15, a nearly 13-fold jump in its valuation to around $68 billion in the space of a few months.

Latest

More like this
Related

What Global Payments’ $22.7 bn Worldpay deal means for customers

Global Payments is adopting a multi-pronged strategic approach with...

Sports betting industry struggles with invalid traffic

The global sports betting industry is growing rapidly, with...

Digital transformation spending in EMEA to reach $1,201 bn

Digital transformation (DX) spending in Europe, the Middle East,...

Paytm merchant subscriber base for payment devices reaches 1.17 crore

Paytm’s user base continues to expand, driven by growth...