U.S. Cryptocurrency exchange Coinbase may seek a stock market listing later this year or early next year, Reuters reported, citing unidentified sources. The company has had talks with investment banks and law firms and is rumored to be exploring a direct listing in which it doesn’t raise additional capital.
Both Slack and Spotify have used the direct listing route, and it was a very positive experience for Slack in particular, which has an investor in common with Coinbase: Andreessen Horowitz.
In October 2018, Coinbase raised $300 million in its Series E round at a valuation of $8 billion, which brought cumulative funds raised to $547.3 million, according to Crunchbase.
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