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Coinbase's IPO Creates A Multibillion Dollar Windfall For Founders—Now It Faces Five Big Threats


05:54pm EDT|
Coinbase’s Public Stock Listing Creates A Multibillion Dollar Windfall For Founders—Now It Faces Five Big Threats
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Coinbase cofounder and CEO Brian Armstrong is worth $11.8 billion after the company s first day of trading—his net worth has jumped more than $10 billion over the past year.
Jamel Toppin/The Forbes Collection
For Coinbase’s founders and investors, the timing of its initial public offering this week couldn’t have been better. Bitcoin has been trading at an all-time high, above $60,000. Just eight days ago, Coinbase announced that first quarter revenue in 2021 tripled from the prior quarter, hitting $1.8 billion, while net profit reached nearly $800 million. ....

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