Upon a successful DPO, Coinbase will be the first crypto exchange to go public.
The largest exchange in the US Coinbase is going public through a “direct public offering” (DPO) rather than an initial public offering (IPO). Unlike the IPOs, which go through third-party brokers, the DPO will allow Coinbase to cut the cost of making its market debut and being available to investors. Also, the DPO process is usually faster than an IPO and is generally attractive for growing companies.
Coinbase Plans for Going Public
Over the past months, the IPO market has been bubbling, with several firms going public through initial public offerings. CNBC noted 2020 as the busiest year in the IPO space, with 2018 new listings. Considering the information provided by IPO tracker Renaissance Capital, 2021 could be a more buy year for the IPO market. As of the 30th of March, Renaissance Capital said that there were already 95 new listings.
Apple Inc (NASDAQ: AAPL) has clarified that the upcoming version of its iOS operating system for mobile phones does not contain settings to set a default .