Wednesday, April 14: Shares of COIN debuted Wednesday at $381 after the Nasdaq issued a $250 reference price Tuesday. The stock quickly skyrocketed to $429.54. We’ll update this page as new information becomes available.
Tuesday, April 13: The Nasdaq issued a reference price for the expected April 14 Coinbase offering at $250 per share, which would value the company at about $65 billion, CNBC reported. That price is based on private market activity and doesn’t necessarily show where COIN shares will open in the market tomorrow. Recent direct listings have opened well above that price. It’s not yet clear when shares will begin trading.
Monday, April 12: Bitcoin jumped back over $60,000 days before Coinbase’s direct listing, which is scheduled for Wednesday, April 14. Market insiders believe Coinbase’s listing will be a catalyst for a bitcoin and broader cryptocurrency surge.
Friday, April 9: Coinbase this week announced a huge gain in first-quarter revenue, possibly giving a boost to its initial public offering expected April 14. Revenue for the quarter came in at $1.8 billion, more than it earned in all of 2020, according to BusinessWire.
Friday, April 2: Coinbase has announced via Twitter that it expects to launch its offering in a direct listing April 14 on the Nasdaq under the symbol “COIN.”
Friday, March 19: Coinbase plans to delay the public launch of its direct listing until April, reports Bloomberg.
Wednesday, March 17: Coinbase is expected to offer 114.9 million shares in its direct listing, the company said in an amended registration statement filed with the US Securities and Exchange Commission. The direct listing could value Coinbase at more than $100 billion.
Thursday, March 11: Coinbase announced that private trading of its shares last week suggests a $90 billion valuation, up about $13 billion from February when shares were trading around $303 apiece.