📈Coinbase IPO in XTB❗

6:52 PM 14 April 2021

Coinbase is listing for US$100 billion on NASDAQ

Coinbase (COIN.US), one of the major cryptocurrency exchanges, went public on Wall Street today. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam, and as of March 2021, was the largest cryptocurrency exchange in the United States by trading volume. Instead of following the traditional initial public offering (IPO) route, Coinbase posted its shares straight on the NASDAQ exchange via a direct listing, a technique pioneered by big names like Spotify and Palantir in recent years. The company will trade under the ticker COIN and list 114,850,769 shares with an initial valuation of US$100 billion. Today's IPO provides investors a form of exposure to the cryptocurrency market. Tomorrow we will provide more information about the company in our "Stock of the week" analysis.

Coinbase (COIN.US) shares soared in their market debut. M1 interval. Source: xStation5
Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits