Coinbase Tops Direct Listing Price as Bitcoin Surges to Record

From bnnbloomberg.ca

Coinbase Global Inc. has finally climbed back above its direct listing price Friday morning for the first time in more than two years. When the biggest US cryptocurrency exchange went public in a direct listing in 2021, the reference price was set at $250 per share. Though there was early enthusiasm for the stock — shares rallied to an all-time high close of $350 in November 2021 — they ended their first 12 months of trading down 38%. Coinbase shares remained under pressure for the next few years as a crypto-winter hit digital tokens and trading platforms came under increased scrutiny from the US Securities and ... (full story)