TrackInsight: Coinbase IPO Euphoria, Wall Street Rallies and Gold Rebounds
Week from 12 to 18 April 2021 Coinbase, the largest cryptocurrency exchange in the United States, made its debut on the Nasdaq in direct listing. Its shares closed at $342 on Friday, well above the reference price of $250 set on Tuesday. This closing price valued the company slightly below $90 billion counting all its outstanding shares. In comparison, it is more than ICE, the parent company of the New York Stock Exchange, which is worth less than $70 billion. At the same time, Bitcoin and other cryptocurrencies fell dramatically, suffering a flash crack over the week-end due to a blackout i...
Source: marketscreener.com