Cryptocurrencies
Cryptocurrency Exchange Coinbase Picks Direct Listing Over IPO
Coinbase office in San Francisco.
Photographer: Michael Short/BloombergThis article is for subscribers only.
Coinbase Global Inc., the biggest U.S. cryptocurrency exchange, is planning to go public through a direct listing, the company said in a statement on Thursday.
The San Francisco-based company previously filed its registration documents with the U.S. Securities and Exchange Commission, though it hadn’t specified that it would pursue a direct listing instead of a standard initial public offering.