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Coinbase Valuation Climbs $100+ Billion in Secondary Share Sale


Coinbase Valuation Climbs $100+ Billion in Secondary Share Sale
Feb 22 2021 · 11:36 UTC | Updated
Feb 22 2021 · 12:21
by Bhushan Akolkar · 2 min read
Photo: Depositphotos
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Last Friday, Coinbase sold its recent batch of 127,000 shares at $373 putting the company’s valuation above $100 billion. 
As per the latest report from Axios Capital, Coinbase valuation stood above $100 billion ahead of its direct listing. As per the publication, the most recent batch of Coinbase shares attracted a price of $373 per share.
This happens just four days after Coinbase attracted valuations of $77 billion with its share trading at $300 per piece. So, as it happened, Coinbase initiated its secondary share sale through the Nasdaq Private Markets. Also, through its secondary market offering, Coinbase decided to release a total of $1.8 million shares on weekly basis. ....

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