Coinbase’s Existing $8B Valuation Means It Doesn’t Need an IPO, Lawyer Says

Coinbase’s Existing $8B Valuation Means It Doesn’t Need an IPO, Lawyer Says

Coinbase CEO Brian Armstrong (Steve Jennings/TechCrunch, used under Flickr Creative Commons license)

Coinbase’s multibillion-dollar valuation means a rumored plan for a direct listing makes a lot more sense than an initial public offering (IPO), argues the managing partner of a legal firm.

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