TechFlow news — On December 18, Coinbase, the largest cryptocurrency exchange in the United States, announced that it has filed an application for listing with the U.S. Securities and Exchange Commission (SEC), becoming the first major cryptocurrency exchange to go public. In a statement, Coinbase said it has confidentially submitted a draft registration statement on Form S-1 to the SEC. Form S-1 is the initial registration form required by the SEC for new securities issued by companies planning to go public in the United States. As early as October 26, 2018, cryptocurrency analyst and CNBC host Ran NeuNer tweeted that Coinbase confirmed it was raising $500 million for its initial public offering (IPO) at an $8 billion valuation. The IPO would be conducted in two rounds, including preferred and common shares.
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