Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: Galaxy on April 17, 2021, 03:24:55 PM
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The COIN bar mitzvah was a milestone moment not just for Coinbase and Brian Armstrong, but for the entire crypto industry as it eyes Wall Street.
In a decade of covering crypto, we can’t recall a week like that one. Coinbase (COIN) hit the public markets on Wednesday and triggered wall-to-wall media coverage, including flattering feature stories in outlets that usually treat Bitcoin like a dirty word, and hot takes a-plenty on business TV and social media.
The debut price of $381 shredded the Nasdaq-selected reference price of $250. Shares shot as high as $430, letting Coinbase enjoy a brief moment as a “centacorn” worth more than $100 billion. Then the bears crashed the party, sending shares down to $328 to close its first day, a 14% dip. The stock ended the week at $342.
Source: https://decrypt.co/66861/coinbase-goes-public-stock-7-lessons-learned