{"id":39095,"date":"2021-03-17T17:14:15","date_gmt":"2021-03-17T15:14:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39095"},"modified":"2025-08-30T07:55:38","modified_gmt":"2025-08-30T04:55:38","slug":"coinbase-to-list-114-9-million-class-a-shares-in-direct-listing","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-to-list-114-9-million-class-a-shares-in-direct-listing\/","title":{"rendered":"Coinbase to list 114.9 million Class A shares in direct listing"},"content":{"rendered":"

The cryptocurrency exchange Coinbase will list 114,850,769 Class A shares on the Nasdaq stock exchange<\/span> in a direct listing, according to the updated <\/span>filing<\/span><\/a> under the Form S-1 with the U.S. Securities and Exchange Commission (SEC).<\/span><\/p>\n

<\/p>\n

The prospectus contemplates the so-called ‘shelf registration’ (<\/span>shelf registration<\/span><\/a>), allowing additional securities to be issued subsequently.<\/span><\/p>\n

The document shows a volume-weighted average price per share of $343.58, based on trades on Nasdaq Private Market. This roughly aligns with the Bloomberg-sourced figures cited earlier, according to which the exchange could be valued at $90 billion.<\/span><\/a><\/p>\n

Representatives of Coinbase in the prospectus note that the final price of $343.58 was formed within a corridor of $200-375.01 and may bear only a weak relation to the price at which trading on the public market will begin.<\/span><\/p>\n

As of writing, the futures contract for Coinbase’s future stock price on the FTX derivatives exchange trades at $436.28. Traders value the business of the trading platform at $110.8 billion based on 254 million outstanding shares.<\/span><\/p>\n

If the market confirms such a high valuation, Coinbase founder Brian Armstrong could earn<\/span><\/a> an additional $3.2 billion.<\/span><\/p>\n

In accordance with the form S-1<\/span><\/a>, Armstrong owns 2.8 million Class A shares and 36.8 million Class B shares. According to <\/span>Bloomberg Billionaires Index<\/span><\/a>, their value is estimated at $15 billion.<\/span><\/p>\n

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Cryptocurrency exchange Coinbase will list 114,850,769 Class A shares on Nasdaq in a direct listing, according to the updated filing on Form S-1 with the U.S. Securities and Exchange Commission (SEC).<\/p>\n","protected":false},"author":1,"featured_media":39096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,138,1211],"class_list":["post-39095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-coinbase","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=39095"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39095\/revisions"}],"predecessor-version":[{"id":39097,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39095\/revisions\/39097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/39096"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=39095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=39095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=39095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}