It was founded in 2012 by Brian Armstrong and Fred Ehrsam and calls San Francisco, Calif., its home.Ĭoinbase isn’t the only company with IPO news for investors to take note of. The company’s crypto exchange is the largest in the U.S. What happenedShares of cryptocurrency company Coinbase Global (NASDAQ: COIN) jumped on Tuesday after the stock got an upgrade from an analyst. However, this is only for those on Coinbase Pro.Ĭoinbase going public is also big news for crypto investors. The company recently allowed investors on its site to start trading Cardano (CCC: ADA-USD). It’s also worth noting that Coinbase has been expanding its crypto exchange lately. That sets Coin up to generate plenty of revenue from transaction fees. Bitcoin (CCC: BTC-USD) alone has seen its price surge to roughly $58,000 per token. That’s worth noting as the digital assets have been booming of late. What we do know is that Coinbase generates its revenue from the sale of cryptocurrencies. We also don’t know how much voting power investors in its common stock will have. That includes how many shares the company plans to resell during the offering. Other details about the Coinbase direct listing are still up in the air. As for the price range, that’s still unknown. Netscape represented the ushering in of the dot-com. These will trade under the COIN stock ticker. 09:25AM EDT There is buzz that the massive direct listing of Coinbase ( COIN) is similar to the Netscape IPO of the mid-1990s. That begs the question of when does Coinbase go public and what’s the price range for its stock? The company is planning to list shares of its stock on the Nasdaq Exchange on April 14. This will allow current investors to sell their shares to new investors once the stock goes public. Instead of hiring a bank to act as the broker of an IPO, Coinbase is planning a direct listing of its stock instead.
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