Coinbase, the cryptocurrency exchange, filed its S-1 on Feb. 25 to go public via direct listing on Nasdaq. In the lead-up to the IPO, Coinbase shares traded on the Nasdaq Private Markets at $373, yielding a company valuation of over $100 billion, per Axios. If share prices remain at or above these levels, Coinbase’s IPO valuation could be the largest by a U.S. tech company since Facebook went public in 2012. The company hasn’t yet set a date for its trading debut.
