Coinbase opens at $381 per share, valuing the crypto exchange at nearly $100B

Coinbase opens at $381 per share, valuing the crypto exchange at nearly $100B

3 years ago
Anonymous $4BDEsVAtYS

https://techcrunch.com/2021/04/14/coinbase-opens-at-381-per-share-valuing-the-crypto-exchange-at-nearly-100b/

Today shares of Coinbase began to trade after the company executed a direct listing. From a reference price of $250, Coinbase shares opened at $381 today, a change of around 52% percent. At its open Coinbase was valued at $99.6 billion on a fully-diluted basis. As of the time of writing Coinbase has appreciated further to just over $400 per share, valuing the company at a touch more than $104 billion.

Coinbase was worth $65.3 billion at its reference price, on a fully-diluted basis.