About Us
Pricing
Briefing
Markets Startups Crypto

Coinbase Sets April 14 for Direct Listing

By Berber Jin
· · Source: The Information

Coinbase is set to go public via a direct listing on April 14, it said Thursday. The company, which operates the largest cryptocurrency exchange in the U.S., brought in $1.3 billion in revenue and turned a profit of $322 million last year. In a direct listing, companies go public by selling existing shares instead of offering new ones, allowing them to avoid paying the investment banks that...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Takeaway Policy COVID-19
What Tech Can Do for Local Governments, Pandemic Edition
By Jessica E. Lessin · April 10, 2021 7:46 AM PDT
There was a period early in the pandemic when I wondered if Covid-19 would be the crisis that finally pushed Silicon Valley and Washington together. Google was promising to develop a website with nationwide information about testing and risk levels. In a rare collaboration to help the government and health officials, Apple and Google said they would team up on contact-tracing apps. Not much has...
Latest Briefs
 
China Hits Alibaba With $2.8 Billion Fine in Antitrust Probe
By Juro Osawa · April 9, 2021
Facebook Paid 110% of Exec Bonuses Tied to Election Integrity Efforts
By Alex Heath · April 9, 2021
Jessica Alba’s Honest Co. Files to Go Public
By Martin Peers · April 9, 2021
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
From left, Chase Coleman III, Scott Shleifer, and John Curtius. Photos by Bloomberg. Art by Mike Sullivan
Exclusive Venture Capital Startups
Inside Tiger Global’s Deal Machine
By Kate Clark
In early 2018, Tiger Global Management hired retired U.S. Army colonel Greg Gadson to speak at the hedge fund’s offsite conference at Miraval, a luxury resort and spa in Arizona’s Sonoran Desert.
Illustration by Jesus Escudero.
Venture Capital Startups
Want a Piece of Stripe and SpaceX? Find an SPV
By Berber Jin
When Khosla Ventures in February wanted to sell part of its stake in Stripe, one of the hottest private tech companies in the world, the shares ended up being auctioned in an opaque process.
A screenshot of a recent Snapchat augmented reality feature that lets users virtually try on Gucci sneakers. Photo provided by Snap
Exclusive Startups Facebook
Snap Acquires Screenshop App to Fuel Shopping Push
By Alex Heath
Snap is planning a bigger push into online shopping with a new feature in the Snapchat app that will recommend clothes users can buy based on photos they upload to the messaging app , according to two people with knowledge of the matter.
Clockwise from top-left: A parking lot at Citi Field, Photo by chrisswann26/ Flickr; A Kmart sign; photo by JeepersMedia/ Flickr; Amazon trailers parked outside of an Amazon delivery station in Newark, photo by Bloomberg; the former Orange County Register building in Santa Ana, photo by ksablan/ Flickr.
Exclusive E-commerce Amazon
Amazon’s Hunger for Delivery Hubs Hits New Heights
By Paris Martineau
What do stadium parking lots, defunct Kmarts, an old toxic mill site and the former printing plant of California’s Orange County Register have in common?
A promotional image provided by Greenlight
Exclusive Venture Capital Startups
Kid Debit Card Startup Greenlight Valued at $2 Billion in Andreessen-Led Round
By Kate Clark
Andreessen Horowitz is leading a new round of funding in Greenlight Financial Technology, a startup that offers debit cards meant for children, at a $2 billion valuation, according to two people familiar with the deal.
Travelers with their suitcases at a check-in counter at Munich airport. Photo by AP.
Venture Capital Travel
Fortunes Begin to Turn for Sonder and Other Travel Startups
By Cory Weinberg
Last March, Sonder was in dire straits. The startup, which rents furnished, hotel-like apartments to travelers, laid off nearly a quarter of its staff, slashed room prices and looked to terminate some of its leases as Covid-19 brought travel to a near halt.