• Finextra
• 14 Apr, 2021

The opening price was 52% up on Coinbase's reference price of $250 and makes the company more valuable than financial heavyweights including Nasdaq and Discover. Including options and other kinds of stock-based awards, the $381 price values Coinbase at $99.6 billion. The direct listing sees chief executive Brian Armstrong - who has courted controversy with his no-politics stance - become a multi-billionaire with a $15.1 billion stake.
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