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Coinbase IPO? You Mean Direct Listing
The Coinbase initial public offering (IPO) is making headlines. Only the Coinbase IPO isn't actually an IPO.
Following in the footsteps of Slack and Spotify, the cryptocurrency trading platform opted to go public via a direct listing. With a direct listing, no new shares are created and there are no intermediaries – investment banks, brokerages, or underwriters. With a valuation expected to exceed $100 billion, there is a lot of hype around this company's stock market debut.
Thinking about investing in Coinbase? Here's what our stock intelligence data has to say about the company.
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