Three weeks after Coinbase officially revealed its intention to go public via a direct listing, the company’s overall valuation was valued at $77 billion. The Nasdaq value is based on the privately owned stock of Coinbase. According to news, each of these shares is trading at $303 on secondary markets. Overall, the overall volume of the exchange is much higher than the Intercontinental Exchange (ICE), which runs the New York Stock Exchange (NYSE).
At press time, Coinbase did not make an official statement on the same subject.
However, sources familiar with the matter reported that the third weekly transaction was “closed on Friday” and that the clearing price was “$303 per share.” In the first week, the transaction amounted to $200 per share and, subsequently, to $301 and $303 per share, respectively, in the second and third weeks. “So you can see the price discovery happening,” the sources said, adding:
“It’s not like a handful of shares being exchanged at $300 a share. Each week it’s tens of millions of dollars, a pretty sizable amount.”
Coinbase plans to become a publicly listed corporation after offering a direct listing of its common Class A shares. The firm intends the proposed listing to be on Form S-1 with the U.S. Securities and Exchange Commission in compliance with the registration declaration (SEC).
If Coinbase were to gain SEC’s approval for listing, the endorsement would add validity to the mainstream narrative of Bitcoin and the crypto economy as a whole. At the time of the press, Coinbase (CBSE) pre-IPO contract traded $384.39 for FTX derivatives.
226 Interactions, 2 today
Retail parties can exchange Coinbase stock price activity on FTX in addition to purchasing Coinbase stock as it lists, but Read more
Two workers of the world's largest cryptocurrency exchange, Coinbase, recently married with a pair of non-fungible token (NFT) rings. Rebecca Read more
Coinbase is flying heavy on the most recent cryptocurrency market cycle. Coinbase, an American cryptocurrency exchange, has released its first-quarter Read more
Also the most popular crypto market plans pose a significant threat from the largest cryptocurrency's 200 percent CAGR. In 2013, Read more
Filbfilb predicts that $60,000 will quickly become $20,000, but a possible sell-off around the Coinbase IPO means that bulls could Read more
The San Francisco-based corporation may be the first blockchain exchange in the United States to go public. Coinbase, a cryptocurrency Read more
The leading digital currency exchange in the United States has backed Acala, Polkadot's all-in-one DeFi hub. Coinbase Ventures, the funding Read more
Coinbase's plans to go public reached another landmark today, with the organisation hiring ex-SEC Director Brett Redfearn to head its Read more
Bitcoin demand remains strong, fueling a "supply shock" that shows no signs of abating, even at $50,000 and above. Bitcoin Read more
Any of Coinbase's "IT services," such as manufacturing, product creation, and customer care, will be based in India. Despite unclear Read more
Coinbase hits headlines again shortly before its direct listing after the CFTC holds it liable for a three-year-long wash trading Read more
Even before Coinbase publicly filed its S-1, news of the crypto exchange going public had captivated the market. In the Read more