{"id":40703,"date":"2021-04-14T09:53:59","date_gmt":"2021-04-14T06:53:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40703"},"modified":"2025-08-30T15:22:12","modified_gmt":"2025-08-30T12:22:12","slug":"nasdaq-sets-reference-price-for-coinbase-shares-at-250","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nasdaq-sets-reference-price-for-coinbase-shares-at-250\/","title":{"rendered":"Nasdaq sets reference price for Coinbase shares at $250"},"content":{"rendered":"

On Tuesday, April 13, on the eve of the listing of Coinbase<\/a>, Nasdaq \u0443\u0441\u0442\u0430\u043d\u043e\u0432\u0438\u043b\u0430<\/a> a reference price of $250 for COIN stock. This implies a market capitalization of the crypto company of about $65 billion.<\/p>\n

Nasdaq’s quoted reference price is not an offer price for investors; it serves as a guide to gauge performance when the shares begin trading on the exchange.<\/p>\n

\n

\u201cThe public opening price will be determined based on buy and sell orders at the opening of trading on Nasdaq,\u201d the statement said.<\/p>\n<\/blockquote>\n

The market prices COIN higher \u2014 on the FTX exchange, the shares traded around $600. At that price, Coinbase’s market capitalization would approach $160 billion.<\/p>\n

According to CNBC<\/a>, in the five most recent large direct listings on Nasdaq \u2014 Spotify, Slack, Palantir, Asana and Roblox \u2014 the opening price was on average about 37% higher than the reference price. If the trend continues, COIN\u2019s quotes would be around $343, close to the private market average in Q1.<\/p>\n

As reported, CEO David Trainer of New Constructs believes Coinbase’s fair valuation after its market debut could be valued at $18.9 billion<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Tuesday, April 13, on the eve of Coinbase’s listing, Nasdaq set a reference price of $250 for COIN stock. This implies a market capitalization of the crypto company of about $65 billion.<\/p>\n","protected":false},"author":1,"featured_media":40704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1286,768,1211],"class_list":["post-40703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-listing","tag-nasdaq","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40703"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40703\/revisions"}],"predecessor-version":[{"id":40705,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40703\/revisions\/40705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/40704"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}