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The company will not issue any new shares in its initial public offering (IPO), instead it will sell its shares by means of a direct listing. According to its IPO filing it is selling 114.9 ...
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Coinbase is going public via a direct listing. Here's how experts think the stock could perform on its debut.
On April 14, 2021, Coinbase became a public company on the Nasdaq exchange via a direct stock listing. [ 78 ] [ 33 ] [ 79 ] Before the listing, Nasdaq set a reference price of US$250 a share, giving the company an estimated value of US$47 billion. [ 80 ]
Coinbase: 2012 United States: No headquarters [4] [b] wallet provider, bitcoin exchange [citation needed] Coincheck: 2014 Japan: Tokyo: bitcoin/ether exchange, wallet provider, payment service provider, donation-based bitcoin crowdfunding [citation needed] CoinDesk (part of Digital Currency Group) 2013 United States: New York City: news ...
[11] [12] A 2018 funding round valued the company at $8.1 billion, and in December 2020, the company filed with the SEC to go public through a direct listing. [ 13 ] [ 14 ] [ 15 ] Following a direct listing in April 2021, Coinbase's market capitalization rose to $85B, [ 16 ] and according to Forbes, as of May 2022 [update] , Armstrong has a net ...
Coinbase's growth has slowed, but the company is still positioned to be a long-term winner on the blockchain.
In April 2018, Swedish audio streaming company Spotify went public through a direct public offering, reaching a market value of US$26.5 billion. [4] In June 2019, American business communication software company Slack had a direct public offering to reach a market value of US$19.5 billion. [5]