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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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From: Julius Wong	4/12/2021 5:19:13 PM
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Coinbase stock futures rise 9% ahead of Nasdaq IPO, valuing firm at $147B Apr. 12, 2021 4:05 PM ET Coinbase Global, Inc. (COIN) By: Jerry Kronenberg, SA News Editor 17 Comments Futures that aim to predict a likely stock price for Coinbase ( COIN) following its upcoming Nasdaq direct listing were up some 9% Monday, valuing the company at more than $147B. A futures contract that trades outside the United States on German-based platform FTX was changing hands at $589.135 shortly after 4 p.m. ET. That estimates Coinbase’s market capitalization at roughly $147.3B, as each contract is supposed to represent 1/250-millionth of the company’s value. Coinbase, a popular platform for trading Bitcoin and other cryptocurrencies, expects to go public this Wednesday via a widely anticipated Nasdaq direct listing. It’s expected to be one of Wall Street’s hottest go-public deals of 2020, if not of all time.

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