Coinbase filed for public offering

Cryptocurrency exchange Coinbase Global Inc. has applied for a direct public offering on Nasdaq.

Coinbase, which made the first application to the US Securities and Exchange Commission (SEC) on December 17, announced to the SEC on Thursday that it submitted the “Form S-1” file required for the official registration statement.

Coinbase Global Inc., founded in 2012, according to the data contained in the documents submitted by the company to SEC. In 2020, it provided 1.27 billion dollars in revenue. The company’s net income was announced as 322 million dollars, and its operating expenses were shown as 869 million dollars.

According to the statement, the company will be named “COIN” on Nasdaq, one of the three most watched stock market indices.

Coinbase CFO Alesia Haas, in a note to employees at the end of last month, stressed that they believe “going directly to the public” is more in line with crypto and Coinbase ethics, “because it democratizes access and opportunities for all investors.


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Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

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