Money Makers Mentor

USA’s Largest Crypto Trading Platform, Coinbase goes Public

USA’s largest crypto trading platform, Coinbase Global Inc went public by directly listing its shares on Nasdaq on Wednesday, April 14th 2021. The company used the ticker symbol COIN to trade its shares. With its public listing, Coinbase has become the first crypto trading company to be publicly listed.

Coinbase Direct Listing Details

On Wednesday, Coinbase debuted with $381 per share, wherein the reference price set by NASDAQ was $250 per share. The prices shot up as high as $429.5 and then eventually dropped down to $328.28 by the end of the day. At a press release on April 12th 2021, the company stated that there were 130.7 million shares of Class A common stock and 68.5 million shares of Class B common stock outstanding. Out of these, only shares of Class A common stock are to b…

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