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Coinbase tumbles 19% in trading debut as valuation hovers around $100 billion Emily GraffeoApr 16, 2021, 01:01 IST Coinbase CEO Brian ArmstrongAnthony Harvey / Stringer Coinbase on Wednesday tumbled as much as 19% in its trading debut on the Nasdaq. The direct listing had a $250-per-share reference price, and opened at $381 before hitting an intraday high of $429.54. It then reversed gains, trading as low as $310. Coinbase is the first major cryptocurrency exchange to go public. Shares of Coinbase tumbled as much as 19% on Wednesday in its hotly anticipated trading debut on the Nasdaq befor...

by Tyler Durden Tuesday, Apr 13, 2021 - 05:15 PM Ahead of tomorrow's much-anticipated direct listing of massive crypto-exchange Coinbase, Nasdaq has just announced the company's so-called Reference Price at $250. On April 14, 2021, the Class A common stock of Coinbase Global, Inc. is expected to list on Nasdaq through a Direct Listing using the ticker “ COIN”. Because this security has not previously traded on any listing market and has no prior day's closing price, Regulation SHO Rule 201 will not apply to the security until its second day of trading on Nasdaq. As a Direct Listing, COIN...

Traders Magazine 0 Shares When we decided to mint the NYSE’s first NFTs it was fitting that we chose to memorialize that particular one-of-a-kind moment. 1/6: It’s a major milestone when a company lists on the NYSE and begins trading for the first time. Today, we’re celebrating that moment by launching NYSE First Trade NFTs. https://t.co/jyZjzESP7P Why are we doing this? Our first class of NYSE NFTs celebrates the First Trades of these notable listings: Spotify, which executed the first ever Direct Listing, Snowflake, Unity, DoorDash, Roblox and Coupang, the largest U.S. IPO so far...

by Tyler Durden Update (1500ET): COIN is crashing... From its #381 open to its highs at almost $430, COIN is now back at $311... on its way to the $250 Reference Price. and dragging the market with it... *  *  * implied a market capitalization of $65 billion - Coinbase (ticker symbol COIN) just opened (via Direct Listing) at $381... implying a $100 billion valuation. It was then panic-bid above $400... That's bigger than Vanguard, Fidelity, Zoom, and just shy of Target and Micron... To top Goldman, COIN will have to trade at around $440. That jump should not be a total surprise since, as CN...

Coinbase, the American cryptocurrency trading giant, has set a reference price for its direct listing at $250 per share. According to the company's most recent SEC filing, it has a fully diluted share count of 261.3 million, giving the company a valuation of $65.3 billion. Using a simple share count of 196,760,122 provided in its most recent S-1/A filing, Coinbase would be worth a slimmer $49.2 billion.