Coinbase Files Amended S-1 Form for Public Offering

2021-3-18 17:26

American crypto exchange Coinbase amended its S-1 filing with the US Securities and Exchange Commission (SEC). This step takes Coinbase one step closer to going public.

Coinbase has registered 114,850,769 Class A common stock to be sold on the Nasdaq Exchange, according to the prospectus. The proposed offering price for the total amount of shares is $943,218,155. 

The prospectus highlighted that this would technically not be an Initial Public Offering (IPO) because an investment bank has not underwritten it. Coinbase admitted that their share price might be more volatile as a consequence.

Different Types of Stocks, Business

The prospectus identified two classes of common stock, Class A and Class B. The holders of each stock’s rights are identical, but they differ in voting rights and conversion. Whereas each share of Class A stock is worth one vote, each share of Class B stock is worth 20 votes. Naturally, with this amount of leverage, the prospectus detailed that Class B holders will have roughly 99.2% of the voting power. However, Class B shares must be converted into Class A shares before holders can trade them. 

According to the prospectus, Coinbase will be listed as an “emerging growth company.” The company has reduced disclosure obligations regarding “selected financial data and executive compensation arrangements.” Additionally, the reduced disclosure obligations include the date the shares will start trading, as it was left blank in the prospectus.

Coinbase and the SEC

Coinbase initially filed its S-1 form with the SEC in February 2021. Shortly after that, the company held a private auction for its shares on the Nasdaq Private Market. The current prospectus references the results of that private auction regarding its expected share price. During the auction, the sale prices fluctuated between $200 and $375, averaging at $343.58.

The prospectus also emphasized that Coinbase will not be offering Ripple (XRP) among its assets. This is pertinent in a submission to the SEC, as Ripple has an ongoing struggle with the regulatory body. Recently, Coinbase Pro announced that it would begin listing Cardano (ADA), which rose over 20% on March 16.

The post Coinbase Files Amended S-1 Form for Public Offering appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

offering coinbase nasdaq proposed prospectus exchange according

Источник: beincrypto.com

offering coinbase → Результатов: 126


CEO Coinbase: без институционалов не будет глобальной криптоэкономики

Команда популярной криптовалютной платформы Coinbase готовится к созданию собственного токена. Также представители проекта не исключают возможность открытия платформы для проведения первичных биржевых предложений (initial exchange offering (IEO)).

2019-9-11 13:49


Фото:

Cryptocurrency Custody Giants Battle For Lions Share of Institutional Market

The acquisition of Xapo by Coinbase has effectively created the largest digital asset custodian in the world, with nearly $8 billion in assets managed. But this has only intensified the competition as custodial stalwart BitGo has announced they will be offering Xapo customers one year of free service with a dedicated account manager and upRead MoreRead More.

2019-8-21 23:00


Ripple’s Adoption Is On The Rise As Coinbase Adopts XRP For Cross-Border Transfers: Should Holders Be Worried About Velocity?

Ripple’s XRP Adoption Is On The Rise As Coinbase Has Adopted It For Cross-Border Transfers, Should Holders Be Worried About Velocity? Coinbase, which is one of the largest crypto exchanges in the world and the main one in the United States, has recently decided to start offering a global remittance service. This new service will […]

2019-4-4 22:49


Crypto Giant Coinbase Launches Cross-Border Payments with XRP and USDC

Crypto exchange Coinbase is now offering cross-border payments service to enable customers to transfer funds using Ripple (XRP) and the stablecoin USDCoin (USDC). Coinbase made the announcement on its website, touting the service as fast and convenient: “You can now send money to any user with a Coinbase account around the world using XRP or USDC.

2019-4-2 16:43


Litecoin Foundation будет спонсором поединка UFC

Фонд Litecoin Foundation окажет поддержку мероприятию Абсолютного бойцовского чемпионата (UFC). Согласно опубликованному 26 декабря заявлению фонда, он станет «официальным криптовалютным партнером» титульного поединка в полутяжелом весе между Джоном Джоунсом (Jon Jones) и Александром Густафссоном (Alexander Gustafsson).

2018-12-28 11:59


Coinbase Rewarding Users to Learn Cryptocurrency Right Move for Industry

Coinbase, Cryptocurrency, 0x (ZRX)–Yesterday EWN reported on the development of popular U.S. based exchange Coinbase offering users a reward program to learn about cryptocurrency. In exchange for watching a series of educational videos or completing various tasks, which the company has marketed as an attempt to provide understanding and exposure for altcoins beyond the more […] The post Coinbase Rewarding Users to Learn Cryptocurrency Right Move for Industry appeared first on Ethereum World News.

2018-12-23 01:30


Coinbase Continues with “12 Days of Coinbase,” Offering USDC Stablecoin Support for Day 7

Coinbase decided to celebrate the holidays with 12 days of surprises for their users, going from December 10th to December 21st. There’s already been six days of festivities, ranging from the ability to use WeGift gift cards with crypto to establishing a Watchlist that is customizable to the user. On this seventh day of Coinbase, […]

2018-12-18 02:52


Фото:

Coinbase doubled its cryptocurrency lineup in 2018 — and that’s just the beginning

With yesterday’s addition of Zcash (ZEC), popular exchange service Coinbase has more than doubled its cryptocurrency lineup in 2018 – and by the looks of it, the trend is here to stay. Up until August, Coinbase supported a narrow inventory of cryptocurrencies on its flagship desktop and mobile apps, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), the last one of which was added last December.

2018-12-6 20:26


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

US SEC Sues PulseChain Founder Richard Heart for Securities Fraud

The US SEC is suing entrepreneur Richard Heart for raising over $1 billion from selling unregistered securities via three unincorporated projects: PulseChain, PulseX, and Hex. The post US SEC Sues PulseChain Founder Richard Heart for Securities Fraud appeared first on BeInCrypto.

SEC Sues Quantstamp for Raising Funds Through Unregistered ICO 

The US SEC has sued smart contract auditing firm Quantstamp for raising $28m through an unregistered ICO, settling for a $3.4m fine without admitting guilt. The post SEC Sues Quantstamp for Raising Funds Through Unregistered ICO  appeared first on BeInCrypto.

Binance US and SEC Reach Mutual Agreement on User Funds

A deal between Binance U.S. and the SEC will see customer funds repatriated to the U.S. as the exchange avoids a full-scale asset freeze. The post Binance US and SEC Reach Mutual Agreement on User Funds appeared first on BeInCrypto.

Bakkt Joins Robinhood and eToro in Delisting Major Altcoins

Bakkt is delisting ADA, MATIC and SOL, blaming regulatory uncertainty. It is the latest to drop altcoins following the latest SEC crackdown. The post Bakkt Joins Robinhood and eToro in Delisting Major Altcoins appeared first on BeInCrypto.