Reuters
The company is eyeing a direct listing for its debut over a traditional initial public offering, sources told Reuters. Cryptocurrency marketplace Coinbase has started planning for a stock market debut to take place as soon as this year,The listing still needs approval from the Securities and Exchange Commission.
The company's most recent funding round in 2018 valued the firm at more than $8 billion. The company is more interested in going public through a direct listing than a traditional initial public offering, sources familiar with the plans told Reuters. Direct listings allow firms to go public without raising capital in a stock sale. Shareholders are able to sell their equity without having their stakes watered down by a new issuance.
After 239 scientists send their letters to the World Health Organisation saying the coronavirus is dangerously airborne, WHO finally say that the coronavirus might be airborne!!!
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