The main crypto exchange Coinbase is announcing that it has received approval from the United States Securities and Exchange Commission (SEC) to go public.
In a new blog post, Coinbase says the SEC has accepted its request to make public through direct listing, which will take place on April 14. Your Class A common shares will be listed on Nasdaq under the symbol COIN.
Coinbase initially submitted its Form S-1 in December 2020 and has been preparing to go public since July last year.
According to the Axios news agency, Coinbase will enter the market with a valuation of $ 100 billion based on the company’s performance during a private sale of market share prior to its public launch.
This value would place the company in 147th position in the list of the main shares by market value, just below the Target point of sale. The company will also launch with a higher rating than any other U.S.-based technology company since Facebook in 2012.
Coinbase currently has 43 million verified users and has generated almost half a trillion dollars in volume since its launch in 2012.
The company manages $ 90 billion in assets on the platform and operates in more than 100 countries. Coinbase will be the first US-based crypto exchange to go public.
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