Cashback on Brokerage
It’s official. Cryptocurrency exchange firm Coinbase (COIN) has made its public debut on the stock exchange in a wild first day of trading. That means its stock is now publicly available to purchase. Here’s how you can buy in from India.
Coinbase is now trading on the NASDAQ, which means you’ll need a share trading platform that offers US stocks.
The whole process can take as little as 15 minutes.
A direct listing is different to a traditional IPO in a number of important ways.
In a traditional IPO, an underwriter (typically an investment bank) purchases pre-IPO stock before selling it on to investors. Their job is to mitigate any risks, set the IPO stock price and determine how many shares should be issued to the market.
With a direct listing, there is no underwriter involved and no newly issued stock. Instead, existing private shareholders and employees of Coinbase sell their stock directly to the market.
The benefit is that it costs less for the company and Coinbase does not need to convince institutional investors to buy in ahead of going public. However it could also lead to higher volatility on the day of the IPO.
It’s impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Coinbase can be useful in determining how the market is performing and whether now is a good time to invest in this industry.
Select a company to learn more about what they do and how their stock performs, including market capitalisation, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn’t include every stock available.
Coinbase is the largest cryptocurrency exchange in the US, with over 43 million verified users and US$90 billion in platform assets. Its global network is over 115,000 partners strong and spans 100 countries. Private trading of its shares in March 2021 suggests a US$90 billion valuation, up US$13 billion from its February valuation.
With the release of Coinbase’s S-1 filing, we were able to take a closer look at the company’s financials.
|As of December 31, 2019||As of December 31, 2020|
|Coinbase revenue||US$533.7 million||US$1.27 billion|
|Coinbase net income (loss)||(US$30.3 million)||US$127.4 million|
In 2019, Coinbase reported US$533.7 million in revenue and a net loss of US$30.3 million. In 2020, its revenue rose to US$1.27 billion and it reported a profit of US$127.4 million.
Rising revenue and falling losses is a promising trend — so long as Coinbase can continue its profit-making trajectory. But no investment is free from risk and the inherent volatility of the crypto sector may prove a determining factor in Coinbase’s profitability.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Learn where to buy ATOM, the Cosmos blockchain’s native token.
Learn more about the Bitcoin SV fork and how to buy, sell and trade BSV, including a complete list of the exchanges that support it.
If you want to know where and how to buy, sell and store TRON (TRX) in India, you’ll find all the essential information in this handy guide.
A beginner’s guide to Stellar Lumens (XLM), including how to buy and sell XLM and where to store your Lumens.
Learn more about the UNI cryptocurrency in this beginner’s and buyer’s guide.
If you want to buy or trade Bitcoin Cash (BCH) but you don’t know how, this guide contains step-by-step instructions on how to get started.
Unlock fast cash with your idle gold at the comfort of your home. Find out how to apply for a gold loan online and what to look out for.
Geojit offers a fully-fledged trading platform for investors in India.
In 2017, Litecoin became the world’s number two cryptocurrency by market cap. Find out where it’s going, and how to buy it in India.
Check out the wide range of mattresses with great discounts and offers to suit the budget-conscious shopper who doesn’t want to compromise on comfort.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.