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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...

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