Today, April 14, the Coinbase cryptocurrency exchange will be listed on the Nasdaq platform under the ticker COIN. The bidding was supposed to start at $ 300 or $ 350, but the recommended price turned out to be $ 250.
This price was set after consultations with financial advisors and taking into account private sales of shares. The notice notes that there were no large-scale private sales of shares. At the same time, the recommended price may differ from the actual one at the time of the listing of shares.
“Please note that the suggested price is not the offer price. Nobody bought or sold shares at this price. The actual price will be determined based on the buy and sell orders at the time of the opening of trading, ”- said in the notification Nasdaq.
Recall that 255 million shares of Coinbase should enter the market, which, taking into account the recommended price, gives the exchange capitalization of $ 63.7 billion.However, we should expect a significant excess of the recommended price – on the FTX exchange, futures for Coinbase shares have been traded for some time and the price for such futures is $ 607.
If such a price is established on the Nasdaq, then the capitalization of the cryptocurrency exchange will be $ 154.7 billion.At the same time, according to preliminary forecasts, Coinbase’s profit for the first quarter of 2021 will be $ 1.8 billion.

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