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Coinbase to Go Public Via Direct Listing

By Ross Matican
· · Source: The Information

Coinbase, the big cryptocurrency trading platform, announced Thursday it plans to go public via direct listing. That’s when a company directly sells its existing shares on the public markets without raising new capital. A direct listing typically makes sense for companies flush with cash, and that’s likely the case for Coinbase given the rise of cryptocurrencies such as bitcoin. Bitcoin surged...

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