Coinbase files to go public confidentially and we’re hyped

Coinbase, perhaps the best-known American crypto company, announced today that it has filed confidentially to go public. The company’s debut was expected, having been reported earlier in the year.
As the well-funded unicorn has filed confidentially, its debut looks to be an early-2021 affair. What sort of flotation the company will pursue is not clear at this stage. Coinbase’s announcement is anodyne, as releases of this sort tend to be. The text of the short blog post does not mention whether Coinbase will pursue a traditional IPO or direct listing, but Slack’s similar message from early 2019 was similarly devoid of information; Slack went public via a direct listing last year before agreeing recently to sell to Salesforce.
Coinbase raised extensive known capital while private, including a $300 million Series E in October of 2018. Its August, 2017 Series D was worth a hair over $100 million, according to Crunchbase data. Tiger Global, Andreessen Horowitz, DFJ Growth and IVP are among the investors that led rounds into the crypto-focused fintech company.

Coinbase reported to consider late 2020, early 2021 public debut
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