The company’s registration in the Nasdaq technology index was postponed in March, notes Bloomberg News. A reference price to guide investors in order to start trading Coinbase shares will be announced the night before the company goes public, sources said.
Timing and other details about Coinbase’s entry into Nasdaq could be overturned. A Coinbase representative refused to make any comments about this.
The company’s plans were examined by the US Securities and Exchange Commission (SEC) and, as Reuters reported on Thursday, received its approval.
Another US federal authority, the Commodity Futures Trading Commission (CFTC), announced on March 19 that it had reached a $6.5 million settlement with Coinbase over allegations of a statement by the company of inaccurate information about transactions, as well as about the involvement of its former employee in irregular commercial transactions.
Coinbase does not aim to raise new funds immediately, and is valued at about $90 billion in the Nasdaq market for unlisted companies.