Coinbase files confidential S-1 ahead of potential IPO
Coinbase has taken the first step toward going public.
“Coinbase Global, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”). The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions,” the firm said Thursday.
Reports that Coinbase was eyeing a public offering surfaced this summer, with sources telling Reuters that the initial move could come as early as this year.
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Author: Michael McSweeney
