On April 14th, the time had come: Coinbase carried out its Direct Public Offering (DPO). In the slipstream of what is probably the most important IPO in the crypto space, the prices of almost all crypto currencies are exploding. The news ticker for the Coinbase IPO.
April 16, 2021 – 9:29 a.m.: Coinbase shares close second trading day at USD 322.75
The Coinbase share also survived the second day of trading on the US tech exchange NASDAQ without major dropouts. With a closing price of 322.75 US dollars, it closed at 1.68 percent less than the previous day, but it is fairly stable at 320-330 US dollars. With a few exceptions, the crypto market also recorded minor losses. Bitcoin, for example, is trading at US $ 61,418.14, around 1.41 percent less than the previous day, but can defend the psychologically important US $ 60,000 mark.
April 15, 2021 – 4:41 p.m.: Coinbase shares start at $ 348.90
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The big price explosion, which has been conjured up by some, has so far not taken place, but the Coinbase share is also developing positively at the start of its second trading day. The entry price was US $ 348.90 and is currently at US $ 333.33 around 1.5 percent above the closing price of yesterday’s first trading day of the new share.
April 15, 2021 – 9:43 a.m .: Coinbase shares closed at $ 328.28
After Coinbase’s shares began trading at $ 381, equivalent to a company valuation of $ 85.8 billion, the price exploded briefly, hitting a daily high of $ 429.54. The company’s valuation at the time of the highest share price was over $ 100 billion.
Shortly thereafter, however, the price fell until it finally closed the trading day on the NASDAQ at $ 328.28.
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April 14, 2021 – 5:14 p.m.: Coinbase starting price set
According to matching media reports, the starting price of Coinbase shares will be $ 350. The news agency reports “Reuters“. The company valuation is therefore over 91 billion US dollars and exceeds the targeted starting price of 250 US dollars recently announced by Coinbase, which would have meant a company valuation of 65 billion USD. At the same time, the starting price is well below the around 600 US dollars that were paid for the shares on future exchanges such as the FTX, such as the portal “The Block Crypto”, up until the IPO. reported.
April 14, 2021 – 11:40 a.m .: Coinbase Token on Binance
Binance wants to list Coinbase tokens. In one Blog post the Coinbase competitor writes that users of the crypto trading platform would be able to trade COIN tokens via their platform on April 14th.
April 14th, 2021 – 9:20 am: The information about the Coinbase IPO
In a few hours the time will come when Coinbase, the largest American crypto broker, will go public. The IPO is a direct public offering (DPO) on the US tech stock exchange NASDAQ´ (trade abbreviation: COIN) and not an Initial Public Offering (IPO). Both IPOs differ from one another in certain key areas. A key difference lies, for example, in the holding period for existing shareholders. While an IPO can stipulate a holding period of up to six months, there is none with a DPO. This brings with it certain risks, as investors can sell their stocks directly for quick profit-taking.
April 13, 2021 – 5:34 p.m .: NASDAQ valued at USD 250
NASDAQ has set a target price for Coinbase’s IPO. Accordingly, a share should change hands for 250 US dollars, which gives the US company a market value of 65 billion US dollars. However, this assessment does not have to be particularly meaningful, because experts also consider a company valuation of 100 billion US dollars and more to be possible. Especially since the average price at which Coinbase shares changed hands before the DPO (e.g. on exchanges such as the FTX) from January 1 to March 15 was $ 343.58. And in view of the current bull market, which is giving many crypto currencies all-time and annual highs, there seems to be no upper limit.
April 9th, 2021 – 11:30 a.m.: Is it worth buying Coinbase shares?
In his Friday comment, BTC-ECHO editor-in-chief Sven Wagenknecht addresses the question of whether a purchase of Coinbase shares ($ COIN) is worthwhile for investors and weighs pros and cons:
April 2nd, 2021 – 11:13 am: The date for the Coinbase IPO has been set
After a long wait and speculation, the time has finally come: Coinbase announces the date of its IPO. In one blog entry The US company confirms that the Securities and Exchange Commission (SEC) has approved the submitted documents. Accordingly, the crypto platform will trade Class A common shares on April 14, 2021 on the NASDAQ tech exchange under the ticker $ COIN. When it went public, Coinbase opted for a direct public offering instead of the more traditional route of an initial public offering. This harbors both risks and opportunities.