Coinbase Listing 101
1/5
The Nasdaq yesterday gave Coinbase a reference price of $250 per share, which would value the cryptocurrency exchange at around $65.3 billion when it lists today @pesa_africa @my_tradesignals
1/5
The Nasdaq yesterday gave Coinbase a reference price of $250 per share, which would value the cryptocurrency exchange at around $65.3 billion when it lists today @pesa_africa @my_tradesignals
2/5
Coinbase will be going public through a direct listing. This is a process where the company does not create new shares for the public to buy.
Coinbase will be going public through a direct listing. This is a process where the company does not create new shares for the public to buy.
3/5
Instead, Coinbase will list its already existing stock as available to buy from pre-existing shareholders, such as employees, executives, and company insiders.
Instead, Coinbase will list its already existing stock as available to buy from pre-existing shareholders, such as employees, executives, and company insiders.
4/5
Coinbase 2021 Q1 revenue increased to $1.8 billion, up from the $190.6 million in the same period in 2020
Coinbase 2021 Q1 revenue increased to $1.8 billion, up from the $190.6 million in the same period in 2020
5/5
Direct listing saves money by negating the need for expensive underwriters — banks who facilitate going public
Direct listing saves money by negating the need for expensive underwriters — banks who facilitate going public
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