UPDATE: 4:09 PM ET: Coinbase has confirmed the April 14 direct listing date, saying in a statement on Twitter:
“We’re happy to announce that earlier today, the SEC declared our S-1 registration statement effective and that we expect our direct listing to occur on April 14, 2021, with our Class A common stock trading on the @NASDAQ under the ticker symbol COIN.”
Coinbase also said that it will release its estimated Q1 earnings on April 6, at 4:30 p.m. ET. “The Company will also provide a financial outlook for 2021,” Coinbase said.
Coinbase, the U.S.-based crypto exchange, is set to go public in the next two weeks, according to Bloomberg.
Bloomberg’s report said that Coinbase “is now planning to make its trading debut about April 14, according to people with knowledge of the matter.” Bloomberg had previously reported that Coinbase’s expected March direct listing was pushed back.
Coinbase’s S-1 prospectus filing became public in late February and formally set the stage for the crypto exchange unicorn’s direct listing. The firm made its intent to go public via a direct stock listing in late January, as reported by The Block at the time. Coinbase later confirmed that it would go public on Nasdaq’s stock exchange.
This is a developing story and will be updated as new information is added.