Tuesday , April 20 2021
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Coinbase’s offering docs have just dropped [Update]

Summary:
Just when you thought you’d seen it all in SEC filings, along comes the Coinbase prospectus. Which is really a direct listing. But who can tell during these days of ICOs and ITOs what a public offering even is.The cryptocurrency platform which aims to “create an open financial system” is planning to go public via a Direct Listing on the Nasdaq in the near future. The docs dropped an hour ago. While we dig through the paperwork, we thought we’d just share this gem from the “Definitions” page -- the section of an IPO prospectus dedicated to those terms erstwhile investors might not have heard of.Won’t you look at that:Hodl: A term used in the crypto community for holding a crypto asset through ups and downs, rather than selling it.There’s also an excellent use case

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Just when you thought you’d seen it all in SEC filings, along comes the...

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FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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