Will Coinbase IPO?

Coinbase, one of the dominant cryptocurrency exchanges, is nearing its debut as a public company with a valuation pegged at $100 billion. Rather than commence a traditional IPO, the company is using a direct listing and will trade under the ticker COIN. The shares will list on Nasdaq. A regulatory filing related to the listing [...]

How did Coinbase go public?

Instead of using a traditional IPO, Coinbase went public through a public listing. That means it avoided the typical agreements with big banks that would buy thousands of shares and promote them. A direct listing allows insiders and early investors to convert their stakes in the company into publicly traded stock.

Is Coinbase a big moment in the world of cryptocurrencies?

Coinbase is the talk of Wall Street on Wednesday, as the largest crypto platform in the U.S. gears up for its public debut on a traditional exchange, arriving via a direct listing rather than a more traditional initial public offering. The arrival on the public markets of Coinbase COIN, +2.42% is a big moment in the world of cryptocurrencies.

How did Coinbase perform in 2020?

For the full year of 2020, Coinbase has generated more than $1.3 billion in revenue. That was more than double the $534 million in 2019. Most importantly, the company was profitable for the first time last year with a net income of $322.3 million. That compares to a loss of close to $30 million the year before.