Coinbase, the first major Bitcoin focused company to test the Public markets
Coinbase Global Inc, the largest U.S based cryptocurrency exchange, said it has filed with the Securities and Exchange Commission (SEC) for the Initial Public Offering (IPO), the first major Bitcoin-focused company to test the public markets.
The Company disclosed the news in a blog post Thursday afternoon. It said “Coinbase Global Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with SEC. The form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions”
“This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities” It added “Any offer solicitations or offers to buy, or any sales of securities will made in accordance with the registration requirements of the Securities Act of 1993, as amended (the “Securities Act). This announcement is being issued in accordance with rule 135 under Securities Act”
However, the filling positions San Francisco based Coinbase to be one of the first big IPOs of 2021, in what is expected to be another big year for companies going public.