Cryptocurrency exchange Coinbase has filed an amended prospectus for its much-anticipated public offering with the U.S. Securities and Exchange Commission.

  • The S-1a form, published Wednesday, states Coinbase plans the resale of 114,850,769 shares of Class A common stock for a proposed maximum offering price of $943,218,155.

  • That value is only a guide because it will depend on the pricing of the shares at the time of the offering.

  • The offering would take place on the Nasdaq Global Select Market with the ticker symbol “COIN.”

  • No date has been provided for the offering in the filing, though it is expected within weeks.

  • The company will be treated as an “emerging growth company.”

  • 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.

  • As reported by CoinDesk previously, the firms prospectus provides a long list of risk factors, including decentralized exchanges and the identify of Bitcoin inventor Satoshi Nakamoto being revealed.

  • Rumors first emerged Coinbase was exploring a direct listing on a U.S. stock exchange last summer, though the company didn’t confirm the news until December. 

This content is for informational purposes only and should not be construed as investment advice. Nothing mentioned in this article constitutes any type of solicitation, recommendation, offer or endorsement to buy and sell any crypto asset. Trading in any financial market involves risk and can result in loss of funds. Before investing any money, one should always conduct thorough research and seek professional advice.


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