Torchy’s Tacos Preparing for IPO, Morgan Stanley and Bank of America to Underwrite Offering

2021-3-15 12:00

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Coinbase Opts out of IPO Routine, Chooses Popular Direct Listing Route

The San Francisco-based cryptocurrency exchange Coinbase recently announced the company plans to do a direct listing, as opposed to following the initial public offering (IPO) route. The decision means that Coinbase can float its shares on an exchange without hiring a financial institution to underwrite the settlements.