Coinbase Registers 114.9M Shares for Public Listing

Coinbase plans the resale of 114,850,769 shares of Class A common stock for its public offering.

AccessTimeIconMar 17, 2021 at 10:52 a.m. UTC
Updated May 9, 2023 at 3:17 a.m. UTC

Cryptocurrency exchange Coinbase has filed an amended prospectus for its much-anticipated public offering with the U.S. Securities and Exchange Commission.

  • The S-1a form, published Wednesday, states Coinbase plans the resale of 114,850,769 shares of Class A common stock for a proposed maximum offering price of $943,218,155.
  • That value is only a guide because it will depend on the pricing of the shares at the time of the offering.
  • The offering would take place on the Nasdaq Global Select Market with the ticker symbol “COIN.”
  • No date has been provided for the offering in the filing, though it is expected within weeks.
  • The company will be treated as an “emerging growth company.”
  • Bloomberg has put the firm's valuation at near $100 billion.
  • In financial details provided in the prospectus, the exchange says it took $1.14 billion in net revenue for 2020 and held assets worth $90.3 billion. It now has 43 million verified users.
  • As reported by CoinDesk previously, the firm's prospectus provides a long list of risk factors, including decentralized exchanges and the identify of Bitcoin inventor Satoshi Nakamoto being revealed.
  • Rumors first emerged Coinbase was exploring a direct listing on a U.S. stock exchange last summer, though the company didn’t confirm the news until December. 
  • Meme Coin Liquidity Hits Record High
    00:46
    Meme Coin Liquidity Hits Record High
  • How Ledger Stax Plans to Make Self-Custody More Mainstream
    16:42
    How Ledger Stax Plans to Make Self-Custody More Mainstream
  • Why Dogecoin Is a 'Weird' Investment
    16:39
    Why Dogecoin Is a 'Weird' Investment
  • AI Tokens Surge as Nvidia Becomes World’s Most Valuable Company
    00:47
    AI Tokens Surge as Nvidia Becomes World’s Most Valuable Company
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.