Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Galaxy on April 02, 2021, 02:56:03 PM
-
Coinbase will release Q1 earnings results a few days before its April direct listing. The results will help inform the price of its shares.
Cryptocurrency giant Coinbase announced on Thursday that its highly anticipated direct listing will happen on April 14. The company also disclosed it will share its Q1 financial results eight days beforehand, on April 6.
The plan is unusual, and significant because the results will arrive just days before the company offers its shares to the public, and will thus add new guidance for investors looking to determine how much Coinbase shares should be worth.
Source: https://decrypt.co/63671/coinbase-going-public-in-april-14-announce-q1-earnings-beforehand
-
The company also announced it will register 115 million shares of Class A common stock.
Unlike Initial Public Offerings (IPOs), in the case of a direct listing the issuing company do not sell new stock, but instead invites existing shareholders to sell their stock to the public.
Source (https://www.forexbrokerz.com/news/Coinbase-to-list-on-nasdaq-on-april-14)
I'm really curious how this listing will go.