Bitcoin Trading Platform Coinbase Goes Public in Mid-April

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Coinbase, the largest US trading platform for crypto coins such as bitcoin, will debut on the New York Stock Exchange on April 14.

 

The stock will be listed as ‘COIN’ on the Nasdaq technology index.

The company said earlier that it wants to list approximately 115 million shares on the stock exchange. However, it is not a classic IPO but a ‘direct listing’. No new shares are put on the market by banks.

Instead, the new listing allows existing shareholders to liquidate their shares. Spotify, Slack and Roblox, among others, already used that method.

Coinbase is estimated to be worth about $ 90 billion (more than $ 76 billion).

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