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Coinbase to Skip Traditional IPO in Favor of Direct Listing

Coinbase, the leading cryptocurrency exchange in the U.S., is expected to have a direct listing on the Nasdaq. At first, the company was considering listing on the NYSE, which has handled direct listings for popular technology companies such as Spotify (NYSE: SPOT) and Slack (NYSE: WORK). Choosing a direct listing allows the company to forgo … Read More

Investing in the Global Transition to Renewables

Earlier this month, we heard another announcement of plans for massive spending on renewable energy. This time, the news comes from South Korea, where, we just learned, $43 billion will be spent to build the world’s largest wind power plant. That cash will come mainly from the major South Korean utility companies that I’m sure … Read More

FinTech: Money Made Easy

Any other company could’ve gone bankrupt for such a mistake… In 2020, Citigroup — America’s fourth-largest bank — meant to make a small interest payment to lenders who had backed beauty company Revlon. Instead, the bank accidentally paid the $900 million loan in full. Now, some lenders were more understanding of the mistake and returned … Read More