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Page 25 - மந்தமான தொழில்நுட்பங்கள் இன்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Coinbase s whipsaw debut takes it past US$100 billion, then back

Cryptocurrency exchange Coinbase Global Inc. soared above a US$112 billion valuation in its trading debut Wednesday, then slipped back below its opening price as Bitcoin fell from record highs and tech stocks fell across the board. The massive valuation, which dwarfs more traditional financial companies including Intercontinental Exchange Group Inc. and Nasdaq Inc. itself, is a landmark moment for the crypto industry and for Coinbase, which was started almost a decade ago when few people had even heard of Bitcoin, and many exchanges were run by amateurs from their garages and homes. Coinbase shares closed at US$328.28, down 14 per cent from the US$381 opening price on Nasdaq after earlier climbing as high as US$429.54. At the closing price, the company’s valuation on a fully diluted basis is about US$86 billion.

Squarespace is planning direct listing instead of IPO

David Fingold s Top Picks: April 14, 2021 Archegos ripples through banks lucrative hedge fund business NFT fans want to crack the Da Vinci code Fat finger briefly trims US$4B off Barclays market cap Canaccord prepared to raise offer for rival RF Capital, CEO says Tech leads stock decline from record; bonds drop Ontario pension manager plots real estate cut, credit growth Gordon Reid s Top Picks: April 13, 2021 China Huarong s worsening bond rout stokes market contagion Stocks, bonds rise with inflation concern fleeting European Investment Bank poised to deploy blockchain for bond sale BMO selling EMEA asset management business for $1.09B Robert McWhirter s Top Picks: April 12, 2021

Shares of cryptocurrency exchange Coinbase close 31% over reference price

Shares of cryptocurrency exchange Coinbase close 31% over reference price Updated: Reflecting intensifying interest in cryptocurrencies such as bitcoin, crypto exchange provider Coinbase Global Inc. today saw its shares soar in their market debut. Coinbase shares began trading at $381 a share, more than 50% higher than the $250 reference price set Tuesday and valuing the company at about $100 billion. Shares rose even further, to nearly $425 a share, but then settled back to close at $328.28, down 14% from the initial trading price, but still up 31% from the reference price. Coinbase announced its decision to go public via a direct listing in January before announcing the planned date earlier this month. Founded in 2012, the company has grown to become the largest U.S. registered cryptocurrency exchange, although it offers more services than simple cryptocurrency buying, selling and wallet functions.

Coinbase stock jumps in Nasdaq debut

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