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Seeking Alpha 2021-03-17 10:40:08

Coinbase files to resell up to 114.9M shares in direct listing

Coinbase Global (COIN) has filed to resell up to 114,850,769 shares of Class A common stock by the stockholders.The company is said to be valued at $90B in private auction, based on $350/share.Coinbase booked $1.28B in revenue vs. year-ago $533.7M and adjusted EBITDA of $527M vs. year-ago $24M for FY2020.The company reports ~43M retail users, 7,000 institutions, and 115,000 ecosystem partners in over 100 countries.Last month, online video game company Roblox listed on NYSE through direct listing.

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