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
BTCUSD,
and other cryptocurrencies. The company plans its public debut as the Renaissance IPO ETF
IPO,
has risen 31% over the past three months and as the S&P 500
SPX,
has climbed 16%.
