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Coinbase’s capitalization is close to $ 100 billion at an IPO

Published:

April 14, 2021 23:40 GMT

Having peaked at $ 429 per share, Coinbase is currently trading at around $ 330.

Coinbase, the largest cryptocurrency exchange in the United States, made its debut on the Nasdaq exchange on Wednesday. The company’s capitalization approached and at one point exceeded $ 100,000 million during the first day of the IPO. Report CNBC.

Entity was created Initial offer price is $ 250 By address. However, Coinbase’s bid opened at $ 381 per share, which translated into the company’s market value of $ 99.6 billion.

After that, the share price reached its peak, surpassing $ 429, thus capitalizing Coinbase It reached $ 112 billion. However, there has been a drop below opening bid levels and Coinbase is currently trading around $ 330 a share, according to Come From Nasdaq data.

Prior to the IPO, Coinbase Certainly 100 shares for each of its 1,700 employees For a reference price of $ 250. Thus, each member of the company’s team received $ 25,000 in securities. Because the display of platform titles is higher than the initial price, employee amounts have increased.

Founded in 2012, Coinbase provides cryptocurrency and fiat currency exchange services, serving more than 56 million customers in 100 countries. In total, about 50 cryptocurrencies are traded on the platform, including Bitcoin, Need The Wall Street Journal.

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