BlocksInform
Coinbase’s initial public offering is slated to happen on April 14. An IPO from COINBASE is set to debut in less than two weeks Coinbase Global Inc. reported Thursday that it had obtained the regulatory agency's assistance in filing the registration statement for its initial public offering (IPO).
The Coinbase IPO is scheduled to take place on April 14 via Nasdaq direct listing. to Debut in 2 Weeks
Bloomberg reports that over the past few weeks, enforcement action by the Commodity Futures Trading Commission (CFTC) has delayed the IPO's March launch date. The derivatives watchdog fined crypto exchange operator $6.5 million for reckless false, misleading, or inaccurate reporting and wash trading.
Coinbase anticipates that its Class A common stock will begin trading on the Nasdaq Global Select Market under the ticker symbol ‘COIN’ on April 14, 2021.
The IPO was pushed back from March following enforcement action by the U.S. Commodity Futures Trading Commission (CFTC), according to Bloomberg. The derivatives watchdog fined the crypto exchange operator $6.5 million “for reckless false, misleading, or inaccurate reporting as well as wash trading.”
What do you think of Coinbase’s IPO? The company is going public through a direct listing. Last week, Coinbase announced that it is setting up an office in India amid regulatory uncertainty as there are reports of the Indian government planning to ban cryptocurrencies.
A SEC filing confirms Coinbase’s direct listing on Nasdaq has been approved by the Securities and Exchange Commission. Coinbase's IPO will be held two weeks from today, April 14. Michael Saylor, whose company has amassed almost 100K BTC, said: “Congratulations to the entire team at Coinbase. Additionally, the company stated it will have an IPO date of April 14, 2021 for its Class A common stock on the Nasdaq Global Select Market under the ticker symbol ‘COIN’.
Previously planned for March, the IPO was delayed following enforcement actions by the Commodity Futures Trading Commission (CFTC). Derivatis fined the crypto exchange operator $6.5 million for “wanton false or misleading report[ing] as well as wash trading.”
