Coinbase Global Inc. announced in a Thursday blog post that it intends to go public via a direct listing. The company disclosed in December that it had filed a a draft prospectus with the Securities and Exchange Commission related to its plans to turn public. That filing would become available after an SEC review. Coinbase operates a platform that lets people trade bitcoin and other cryptocurrencies. The company plans its public debut as the Renaissance IPO ETF has risen 31% over the past three months and as the S&P 500 has climbed 16%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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