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2 Coinbase Execs Worth $1 Billion With Shares up 31% in Direct Listing


Coinbase
Coinbase executives and investors saw the value of their shares skyrocket as a result.
At Wednesday s closing price of $328.28, two top execs shares are now worth a combined $957 million.
Coinbase, one of the world s most popular and earliest cryptocurrency exchanges, made its public market debut on Wednesday, riding the wave of mainstream investors growing interest in digital currencies.
Coinbase s highly anticipated direct listing resulted in its shares closing at $328.28 on Wednesday, giving the company a valuation of $85.7 billion around 10 times what it was last valued at as a private company, according to PitchBook.
That s up 31.3% from Coinbase s reference price of $250. But because it opted for a direct listing, no shares traded at that price, instead opening at a price of $381. ....

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coinbase share price: Coinbase shares jump 11% day after Nasdaq debut


Synopsis
Coinbase was valued at just under $6 billion as recently as September, but its valuation has surged toe-to-toe with bitcoin s gains this year. The company was valued at $86 billion at the end of Wednesday s trading session.
AP
Cathie Wood s Ark funds bought $246 million worth of Coinbase shares in the debut on Wednesday, according to the firm s daily trade summary.
Coinbase Global Inc shares jumped 11% in early trades on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion.
The debut marks another milestone for bitcoin and other digital assets and comes amid a surge in the value of cryptocurrencies that has lured a clutch of mainstream, top-tier firms. ....

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Coinbase tumbles 19% in trading debut as valuation hovers around $100 billion


Coinbase tumbles 19% in trading debut as valuation hovers around $100 billion
Emily GraffeoApr 16, 2021, 01:01 IST
Coinbase CEO Brian ArmstrongAnthony Harvey / Stringer
Coinbase on Wednesday tumbled as much as 19% in its trading debut on the Nasdaq.
The
direct listing had a $250-per-share reference price, and opened at $381 before hitting an intraday high of $429.54. It then reversed gains, trading as low as $310.
Coinbase is the first major cryptocurrency exchange to go public.
Shares of Coinbase tumbled as much as 19% on Wednesday in its hotly anticipated trading debut on the Nasdaq before paring back gains.
The direct listing had a $250-per-share reference price, and opened at $381 before hitting an intraday high of $429.54, which was 13% above its opening price. ....

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