🎧 Thriller Insights - S4EP19: Bitcoin Pump on $COIN Debut

It’s down from its $381 debut, but why did it miss the mark?

  
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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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