Coinbase’s direct listing plan delayed because of the SEC?

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2021-03-26 21:17:05

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It seemed that Coinbase’s direct listing plan went well… but it was delayed. The reason is believed to be from the SEC.

The highly anticipated IPO of Coinbase exchange was moved to April, after the March listing was slipped, according to a Bloomberg report.

“No reason was given for the delay, until the US Securities and Exchange Commission (SEC) reviewed the San Francisco-based exchange’s plans to list directly,” according to the report. Bloomberg.

Possible after review SEC has delayed the listing’s plans Coinbase.

Official Coinbase announced plans to list on the Nasdaq in January 2020 and the exchange also registered 114.9 million shares last week.

Coinbase Class A shares will launch on the NASDAQ Global Select Market under the ticker “COIN”.

Coinbase has not commented on the delay at the time of writing.

On March 20, Coinbase announced that it would agree to pay a $ 6.5 million fine in an agreement with the Commodity Futures Trading Commission (CFTC) on the self-trade allegation from 2015. to 2018.

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