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Coinbase Delays Highly Anticipated Direct Listing to April: Report
No reason was given for the delay, but Bloomberg noted the SEC has been reviewing the exchange's plan for a direct listing.
Updated Sep 14, 2021, 12:29 p.m. Published Mar 20, 2021, 3:43 p.m.
Cryptocurrency exchange Coinbase’s highly anticipated public offering has been shifted to April after its plan for a March listing “slipped,” according to a Bloomberg report citing people familiar with the matter.
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- No reason was given for the delay, but Bloomberg noted the U.S. Securities and Exchange Commission (SEC) has been reviewing the San Francisco-based exchange's plan for a direct listing.
- Coinbase formally announced in January its plans to go public on the Nasdaq and this past week registered for as many as 114.9 million shares to be traded.
- Coinbase Class A shares will make their debut on the Nasdaq Global Select Market under the ticker "COIN."
- CoinDesk reached out to Coinbase but did not receive a response by press time.
- On Friday, it was announced Coinbase will pay $6.5 million in a settlement with the Commodity Futures Trading Commission (CFTC) over allegations the exchange “self-traded” digital assets between 2015 and 2018.
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Read more: Coinbase Is Going Public: Everything You Need to Know
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