As mentioned a couple days ago the crypto crowd would like to have the opportunity to exchange their stock for fiat and this is one of the big ones.
From FT Alphaville:
Ceci n'est pas an ICO. Or an IPO. It's a direct listing.
Just when you thought you’d seen it all in SEC filings, along comes the Coinbase prospectus.
Which is really a direct listing. But who can tell during these days of ICOs and ITOs what a public offering even is. The cryptocurrency platform which aims to “create an open financial system” is planning to go public via a Direct Listing on the Nasdaq in the near future. The docs dropped an hour ago.
While we dig through the paperwork, we thought we’d just share this gem from the “Definitions” page....
....MORE, including links
