Digital currency wallet service Coinbase said in a blog post that it plans to join the public markets by way of a direct listing. In December, the company shared that it confidentially filed an S-1 with the Securities and Exchange Commission. The S-1 has not been made public as of yet.
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Coinbase chooses direct listing route to public markets
Coinbase has raised $547.3 million in known venture-backed funding since the company was founded in 2012 by Brian Armstrong and Fred Ehrsam, according to Crunchbase data. The company hasn’t announced new VC investment since 2018, when it closed a $300 million Series E round of funding led by Tiger Global Management.
