"The Nasdaq said on Tuesday that Coinbase’s reference price for its direct listing is $250, which would value the company around $65.3 billion on a fully diluted basis.
In the five significant direct listings that have taken place on the New York Stock Exchange — Spotify, Slack, Palantir, Asana and Roblox — the opening price was on average about 37% above the reference price.
If Coinbase opens with a similar percentage increase, the price would be around $343, very close to the average private market price in the first quarter of $343.58."
Source: https://www.cnbc.com/2021/04/13/coinbase-reference-price-250-ahead-of-direct-listing.html
Submitted April 14, 2021 at 08:50AM by F1rstxLas7 https://ift.tt/3acTelz
