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Will COINBASE enter the big leagues? According to Reuters, an IPO is imminent and will propel the leader of cryptocurrency exchange platforms among the elite of global companies.
A decision requiring the approval of the SEC
The introduction must be validated by the SEC (Securities and Exchange Commission). If the institution gives the green light, it will be a major step in the quest for recognition of the sector.
The source close to the file, having transmitted this information to Reuters, indicates that Coinbase could be listed as early as this year or in early 2021. The company has not yet started negotiations with the SEC, but has reportedly entered into contact with several investment banks and specialized lawyers.
A DPO instead of a traditional IPO
The American leader, whose value was already estimated at $ 8 billion in 2018 during its last fundraiser, would consider, according to the same source, a direct listing also known as DPO (direct public offering) instead of '' a classic IPO.
This option would allow the firm not to dilute the shares of its shareholders (process made compulsory during a traditional IPO), but also to avoid a lockup agreement (contract preventing the shareholders of the company from selling their shares over a specific period).
Coinbase is one of the most renowned platforms in the sector with more than 35 million users. This is why opinions are mixed. Between important progress for some and counterproductive initiative for others.
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