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Coinbase files to sell 114.9 million shares in Direct-Listing IPO; company can be worth more than $ 100 billion

Coinbase said on Wednesday (17) it had registered about 114.9 million shares for its direct listing on the Nasdaq that could value the company at more than $100 billion.

In an amended S-1 filing with the Securities and Exchange Commission, Coinbase said it plans to sell up to 114.9 million shares as part of its Nasdaq direct listing. Coinbase will list on the Nasdaq with the ticker “COIN.”. It is expected that the IPO would be within weeks.

In financial details provided in the prospectus, the exchange says it took $1.14 billion in net revenue for 2020 and held assets worth $90.3 billion. It now has 43 million verified users.

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