Coinbase’s Existing $8B Valuation Means It Doesn’t Need an IPO, Lawyer Says

[MRM]

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