Coinbase to List Directly on Nasdaq 14 april – Bits Media

Coinbase reported, that a direct listing of stock exchange shares on the Nasdaq will be 14 april. According to preliminary forecasts, shares will trade at $300-350, while the exchange is estimated at about $100 billion.

Crypto marketplace Coinbase said on Twitter, that yesterday the SEC and exchange in the USA (SEC) announced the approval of the exchange's application for direct listing on the Nasdaq, That will take place 14 april 2021 of the year. According to analysts' forecasts, Coinbase shares under the Coin ticer will be traded in the $ 300-350 range.

The trading platform is rated at $100 billion. According to CNBC, based on the average price in $343.58 per share, 39.6 Million shares of Coinbase CEO Brian Armstrong (Brian Armstrong) will cost $13.6 billion. According to the press release of Coinbase, 6 April, the company will report on profit and loss for the first quarter and will provide financial forecasts for 2021 year.

Coinbase submitted preliminary documents to the SEC for entering the stock market in December last year. Then the exchange considered the possibility of a direct listing, and initial public offering (IPO). In January, Coinbase confirmed, that is going to enter the stock market through a direct placement of shares of class A.

Earlier, the plan of the cryptocurrency exchange Coinbase for a direct listing on the Nasdaq in March "fell through" and was postponed to April. The reasons for the delay in listing are unknown.