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UPDATE: 4:09 p.m. ET: Coinbase has confirmed the direct registration date of April 14, saying in a statement on Twitter:
“We are pleased to announce that earlier today the SEC declared our S-1 registration statement effective and that we expect our direct listing to take place on April 14, 2021, with our Class A common shares trading. on the @NASDAQ under the symbol COIN. “
Coinbase also said it will release its estimated first quarter results on April 6 at 4:30 p.m. ET. “The company will also provide a financial outlook for 2021,” Coinbase said.
Coinbase, the US-based crypto exchange, is expected to go public within the next two weeks, according to Bloomberg.
According to the Bloomberg report, Coinbase “now plans to make its trading debut around April 14, according to people familiar with the matter.” Bloomberg previously reported that Coinbase’s planned direct listing in March had been pushed back.
Coinbase’s S-1 prospectus filing went public at the end of February and officially paved the way for the crypto exchange unicorn’s direct listing. The firm announced its intention to go public via a direct listing of the shares at the end of January, as reported by The Block at the time. Coinbase later confirmed that it would go public on the Nasdaq stock exchange.
This is a developing story and will be updated as new information is added.
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