Tuesday, October 26, 2021
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Coinbase To List On Nasdaq On April 14 With Expected Starting Share Price At $300-350

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Coinbase announced that the direct listing of the exchange’s shares on Nasdaq will take place on April 14.

According to forecasts, the shares will trade at $300-350, with the exchange valued at about $100 billion.

Cryptocurrency exchange Coinbase said on Twitter that the US Securities and Exchange Commission (SEC) announced the approval of the exchange’s application for a direct listing on Nasdaq, which will take place on April 14, 2021.

According to analysts forecasts, Coinbase shares under the “COIN” ticker will trade in the range of $300-350. The trading platform is valued at $100 billion.

According to CNBC, based on an average price of $343.58 per share, 39.6 million shares of Coinbase CEO Brian Armstrong will be worth $13.6 billion.

According to a press release from Coinbase, on April 6, the company will report its first-quarter earnings and financial forecasts for 2021.

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Coinbase filed preliminary documents with the SEC to enter the stock market in December last year. Back then, the exchange was considering both a direct listing and an initial public offering (IPO). In January, Coinbase confirmed that it was going to enter the stock market through a direct listing as Class A common stock trading.

Earlier, the plan of the crypto exchange Coinbase for a direct listing on the Nasdaq in March failed and was postponed to April. The reasons for the delay in listing are unknown.

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.


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