The long-awaited public offering of Crypto exchange Coinbase has been moved to April after its idea for a March stock market entry “slipped,” as revealed by a report by Bloomberg. The journal cites sources acquainted with the matter.
No specific reason was presented for the delay, but Bloomberg put forward information that the U.S. Securities and Exchange Commission has been assessing the San Francisco company’s strategy for a direct listing.
Coinbase officially announced its intention to become publicly traded on the Nasdaq in January and over this past week listed more than 115.1 million shares for direct trading.
Presumably, Coinbase Class A shares will enter the Nasdaq Global Select Market using the ticker “COIN.”
Earlier this week, it was announced that Coinbase will spend $6.6 million to settle a lawsuit with the Commodity Futures Trading Commission over charges that the exchange “self-traded” virtual assets in the period between 2015 and 2018.
We remind that a recent comparative study revealed that Coinbase now rivals major world investment banks in terms of market capitalization.
