Coinbase shares debuted sharply on Wednesday (13) at the launch of the company’s IPO on Nasdaq.
Yesterday, Nasdaq set the reference price per share at $ 250 dollars, which would make the company worth $ 65 billion.
The company’s securities (COIN) were made available to investors at 1 pm US time. And although they were set at $ 250, they started trading at $ 381 with a strong upward movement.
In less than an hour, the shares valued more than $ 140 and were traded above $ 422. Therefore, it is an increase of almost 70% in just one hour after its debut.
With this, the debut of the company, which has 56 million verified users in 100 countries, was the highlight of the exchange.
It is worth mentioning that the exchange Coinbase has already moved more than US $ 335 billion and has more than US $ 220 billion in assets.
Trading on the stock exchange can be monitored on this link.
Coinbase shares
Coinbase clattered to Nasdaq, raising $ 100 billion or the equivalent of more than $ 500 billion.
With that, today’s date goes down in the history of cryptocurrencies. After all, it is the first time in history that a digital currency platform goes public on the stock exchange.
For those who wish to buy Coinbase shares, the dynamics are similar to those of other publicly traded companies. First, the investor places a purchase order with a retail broker, such as Fidelity or Robinhood.
Then, within the broker, it is possible to create a market order or a limit order. In the first case, the investor acquires the shares at the price they are currently trading.
In the case of the limit order, the investor informs the broker that he wants to buy the shares if his prices remain above a predefined target.
Also read: Luke Martin: these 4 tokens can still fire in April
Read also: Samy Dana bet against Bitcoin’s high in 2021 and missed badly
Read also: Binance and FTX list tokenize and list Coinbase shares