Crypto exchange Coinbase announces US$1.5 billion offering
by: Dynasty GI2021-09-15
Crypto exchange Coinbase has announced plans to launch a US$ 1.5 billion private offering in senior notes.
In a post in its investors’ blog pages, the global exchange explained that the offering will include senior notes due in 2028 and 2031. The company also stated it intends to use the funds raised for “general corporate purposes, which may include continued investments in product development as well as potential investments in or acquisitions of other companies, products, or technologies”.
"The offering will not be open to the general public and it follows a similar announcement by the exchange back in May, following Coinbase’s move to become public via a direct listing."