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Coinbase’s COIN Stock to Go Live on Nasdaq April 14’2021

Coinbase’s COIN Stock to Go Live on Nasdaq April 14’2021

The COIN ticker is coming to public markets soon, Coinbase announced Thursday.

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The COIN ticker is coming to public markets soon, Coinbase announced Thursday.

coinbase

coinbase

Coinbase will begin the public trading of its stock on April 14, it said Thursday.

The crypto exchange will also hold a first-quarter earnings call on April 6, providing a financial outlook for 2021, Coinbase said in a press release.

There’s been much anticipation about the Nasdaq listing. Prices for the shares are predicted to fall between $300 and $350, valuing the trading platform at about $100 billion. The listing would put Coinbase atop an emerging class of publicly traded firms dealing in bitcoin (BTC, -0.27%). Further, a $100 billion debut would make Coinbase more valuable than traditional tech stocks such as Uber.

Coinbase with Nasdaq

Based on the average price of $343.58 of shares traded on Nasdaq’s private market last month, CNBC calculated Coinbase CEO Brian Armstrong’s 39.6 million shares will be worth $13.6 billion, catapulting him into the “decabillionaire” rankings alongside the likes of Jeff Bezos, Elon Musk and Bill Gates.

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