Coinbase Reaches $85.7 Billion Valuation After First Day Of Trading
After its first day of trading as a publicly-listed company, cryptocurrency exchange Coinbase settled at a $85.7 billion valuation.Major cryptocurrency exchange Coinbase settled at an $85 billion valuation following its first day of public trading on Nasdaq, per The Wall Street Journal.“Shares of Coinbase, the first major bitcoin-focused company to test the U.S. public market, opened at $381 on the Nasdaq Global Select Market,” according to the report. “They rose as high as $429.54 in the first few minutes of trading and ended the session at $328.28.”Coinbase had set a reference price of....
Related News
The major exchange is inching closer to a public offering. Prominent Bitcoin (BTC) and cryptocurrency exchange Coinbase could be headed for an IPO valuation of $100 billion, after shares reportedly sold for up to $375 each in a private auction.Shares in Coinbase Global Inc. reportedly traded for a price between $350 and $375 per unit on the Nasdaq private auction market last week, giving the company a pre-IPO valuation of between $90–$100 billion, according to a report by Bloomberg. Trading reportedly ended with the share price at $350.A Coinbase series E funding round in 2018 first saw....
Potential listing could provide a valuation anchor, not only for future crypto IPOs but also for crypto-native exchange tokens. Following cryptocurrency exchange Coinbase filing a draft registration for a public offering with the United States Securities and Exchange Commission yesterday, research company Messari has valued the company at $28 billion.Messari’s model examined the company’s various business segments, such as trading, custody and debit cards, to come to this figure.Coinbase is one of the biggest exchanges worldwide, with daily trading volumes of over $1 billion. Assets under....
Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale.
Digital Currency Group Sells $700 Million in Secondary Sale Round
Digital Currency Group (DCG), a crypto-focused company, announced a secondary sale where existing investors sold part of their shares to....
Robinhood, the fee-free cryptocurrency, stock, and options exchange, raised almost $2 billion in its initial public offering, reaching a valuation of $32 billion. While the company is more valuable than Nasdaq itself, the IPO failed to give the company an expected valuation of $35 billion. Robinhood trading will open today, with its shares trading under the HOOD ticker. Robinhood Misses $35 Billion Valuation Goal Robinhood, the fee-free investing app, has successfully completed its IPO, raising almost $2 billion. However, the company failed to meet the goal of reaching a $35 billion....
Following the company’s subsidiary FTX US raising funds in its first Series A financing round, parent company FTX Trading Ltd. has announced it has secured $400 million in a Series C fundraise. The crypto company’s latest financing round brings the firm’s post-money valuation to $32 billion.
FTX Series C Fundraise Brings Firm’s Valuation to $32 Billion
FTX Trading Ltd. has raised $400 million in a Series C fundraising round according to an announcement on Monday. The fundraise follows the firm’s Series B at the end of July last year and Series....