Cryptocurrency exchange Coinbase has announced its intent to become a publicly-traded company pursuant to a proposed direct listing of its Class A common stock.
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It is expected the listing will be pursuant to a registration statement on Form S-1 with the US Securities and Exchange Commission. The exchange highlights the announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities.
As iHodl reported, Coinbase picked Goldman Sachs in December last year for its upcoming direct listing. The largest cryptocurrency exchange in the US already submitted a draft registration statement on Form S-1. The company said the Form S-1 is expected to become effective "after the SEC completes its review process, subject to market and other conditions."
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