The number is 40% higher than the reference price Nasdaq released Tuesday.
Michael Saylor’s MicroStrategy was up 18.5% in global markets. His firm’s bitcoin proxy stock wasn’t alone in seeing green.
Historical experience shows that it might take until after noon ET for market makers to work out the price of the initial trade in a direct stock listing.
Binance said it will continue to respond to market demand by listing more stock tokens and features.
With COIN stock opening at $250 per share, it amounts to a $25,000 thank-you note to all Coinbase staffers.
That's a valuation of $66.5 billion, assuming an estimated 266.2 million shares outstanding.
It's not equity, it's an exchange token. But it sure is mooning, apparently linked to the recent success of Binance Smart Chain.
Crypto bulls are taking over the market in anticipation of Coinbase's direct listing.
The price is normally the same as the value a company’s shares last traded in private markets. Which for Coinbase is $343.58 per share.
Initialized Capital’s Garry Tan first came across Coinbase founder Brian Armstrong when the latter was still at his day job debugging Airbnb.
Coinbase has chosen to come to market via a direct listing, a relatively new option for companies wishing to go public, and one that is curiously suited to a crypto company
Coinbase's listing on Nasdaq sends a powerful signal of legitimacy to the U.S. crypto community, as well as to the crypto-curious in the traditional financial sector.
The listing could spur newbie investors to try cryptocurrencies.
London-listed Coinsilium has been trading under COIN since 2015. The Winklevoss twins registered the symbol for their proposed bitcoin ETF back in 2014. How did Coinbase land it in 2021?
Nasir Jones’ QueensBridge Venture Partners invested in 2013. A source familiar with the matter confirmed QueensBridge is still on the Coinbase cap table.