🎧 Thriller Insights - S4EP19: Bitcoin Pump on $COIN Debut
It’s down from its $381 debut, but why did it miss the mark?
Coinbase Closes First Day of Trading Down 14% From Debut Price
news coming from Decrypt
Coinbase went public today, debuting on Nasdaq at $381 per share.
It shot up to $424 before tumbling to $310, and ended the day at $328.
That’s still 31% higher than its reference price.
Coinbase wrapped its first day of public trading on Nasdaq with a share price of $328.
It’s down 14% from its debut at $381, but still up 31% from the reference price of $250.
The public debut of $COIN marks an important moment for the crypto industry. A product of the Y Combinator startup accelerator program, Coinbase is now the largest American crypto exchange, with a market capitalization of over $85 billion.
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