4-14-2021 - COIN - Coinbase now on the stock market - BlockChainPictures
4-14-2021 - COIN - Coinbase now on the stock market - BlockChainPictures
BUY your first BlockChainPictures Non-Fungible Tokens NOW
https://opensea.io/accounts/BlockChainPictures
https://blockchain-pictures.wixsite.com/blockchain-pictures
NASDAQ:COIN Coinbase IPO or, more precisely, direct listing is the most anticipated financial event this week. Unlike with a traditional IPO , there is no pre-pricing ahead of the direct listing so trading might be very volatile in the first week. The reference price of $250 would give Coinbase a valuation of $65 billion. That’s about the market cap of the New York Stock Exchange, which has comparable revenues ($1.67 billion in Q4 vs $1.8 billion in Q1 for Coinbase) but lower net income ($528mn vs $800mn). Unlike NYSE or Nasdaq, Coinbase saw rapid growth: the revenue increased by 208% compared to the previous quarter while income surged 347%. The media widely cited a possible $100 billion valuation for Coinbase so we’ve posted the following question to Hybrid Intelligence: “Nasdaq gave Coinbase a reference price of $250 a share on Wednesday ahead of its planned direct listing. Will Coinbase shares trade above $400 (+60%) at any time before April 24?” ------------------------------------- Assurance: 71% This is a mildly bullish sign. Typically traders view HI indicators that are above 70% as “very likely” so that’s just at about the threshold. BUY your first BlockChainPictures Non-Fungible Tokens NOW
https://opensea.io/accounts/BlockChainPictures
https://blockchain-pictures.wixsite.com/blockchain-pictures
