Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: MRM on August 12, 2020, 01:15:19 PM
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Coinbase’s multibillion-dollar valuation means a rumored plan for a direct listing makes a lot more sense than an initial public offering (IPO), argues the managing partner of a legal firm.
In a piece for Bloomberg Law, Louis Lehot of L2 Counsel said Coinbase was "archetypal for the sort of company that might consider a direct listing."
Sources speaking to Reuters last month said Coinbase had begun the process of a direct listing – the exchange has so far declined to comment and a public valuation isn't known.
Source: https://www.coindesk.com/coinbase-existing-valuation-doesnt-need-ipo-lawyer-says