+15 C°
Traffic jam:   1

Coinbase's share price is valued at $250 ahead of a direct listing on Nasdaq

14 April 2021
2 min.
Coinbase's share price is valued at $250 ahead of a direct listing on Nasdaq

Coinbase's shares

Cryptocurrency exchange Coinbase's market entry today triggered another jump in cryptocurrencies, with bitcoin rising 5% to $63.22k Analysts have differing opinions, with valuations ranging from $60bn to more than $100bn.

Coinbase will become the first publicly traded cryptocurrency company today, with Nasdaq estimating a $250 reference price for Coinbase shares ahead of an upcoming direct listing. This suggests a market valuation of the world's largest cryptocurrency exchange of $65.3bn before its shares start trading on the stock exchange.

Cryptocurrency prices of bitcoin and etherium hit new highs on Tuesday amid optimism among their investors about Coinbase's listing. Bitcoin rose more than 5 per cent, surpassing the $63,220 mark. In addition, bitcoin demand and interest in Coinbase is based on expectations that major US banks Morgan Stanley (MS) and Goldman Sachs (GS) will soon launch digital currency services for their clients.

Experts' estimates of Coinbase's market value range from $60 billion to more than $100 billion, with the company reaching a market capitalisation of $100 billion. it would rank among the 85 most valuable companies in the US.

Statistics from the five largest direct listings on the New York Stock Exchange (NYSE) Spotify (SPOT), Slack (WORK), Palantir (PLTR), Asana and Roblox show that their share price was about 37% above the reference price on average when trading opened on the first day.

Earlier this month, Coinbase reported gigantic earnings growth ahead of its direct listing, as bitcoin and etherium prices rose more than 800% and 1,300% respectively over the past year.

Also, Coinbase's filing with the US Securities and Exchange Commission (SEC) states that the company's future today depends almost entirely on cryptocurrency prices and trading volumes, as the crypto exchange earns on transaction fees (buying/selling cryptocurrencies).

Coinbase has 27 items on its list of volatility and risks, which include: changes in investor confidence, negative publicity and social media coverage, regulatory issues and service disruptions related to the technology, among others.

Companies10 in the news



Rating companies
57 Mention
56 Mention
53 Mention
51 Mention
Dow Jones
44 Mention
42 Mention
31 Mention


News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director