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Gold/Mining/Energy : IntercontinentalExchange ICE

ICE 148.52

-1.4%

Oct 30 3:59 PM EDT

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From: Sr K	4/13/2021 11:08:21 PM
	of 17

Nasdaq Sets Reference Price for Coinbase Listing at $250 The cryptocurrency exchange would have valuation of about $65 billion wsj.com Shares of Coinbase, the largest bitcoin exchange in the U.S., are set to start trading Wednesday.PHOTO: TIFFANY HAGLER-GEARD/BLOOMBERG NEWS By Paul Vigna Updated April 13, 2021 5:46 pm Nasdaq set the reference price for the highly anticipated public listing of Coinbase Global Inc. at $250, which would give the cryptocurrency exchange a valuation of about $65 billion. That valuation would be a significant increase over the $8 billion at which Coinbase was last valued in a 2018 fundraising round. It also would make the company worth more than Nasdaq Inc., which has a market value of about $26 billion, and on par with Intercontinental Exchange Inc., parent of the New York Stock Exchange, at about $69 billion. Shares of Coinbase, the largest bitcoin exchange in the U.S., are set to start trading Wednesday. Coinbase has seen its profitability explode amid a rally in the price of bitcoin and other cryptocurrencies. Last week, the company said it expected its first-quarter earnings to be between $730 million and $800 million—more than double what it earned in all of 2020—on revenue of $1.8 billion. Skip

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