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It took $COIN Coinbase 3 yrs & a crypto bull market (300% in 12m) to cross its 2021 direct listing reference price of $250; But a famous VC guy told you all traditional IPOs are archaic process with massive one-day wealth transfers from founders and investors to buy side
It took $COIN Coinbase 3 yrs & a crypto bull market (300% in 12m) to cross its 2021 direct listing reference price of $250; that guy was eventually right that said traditional IPOs are archaic process with massive one-day wealth transfers from founders and investors to buy side
#Bitcoin is at an all time high and this is the Coinbase app rank?! Yessss...... https://t.co/NhDMQIFwN5 https://t.co/kHW5RExX6Y
Goldman Sachs predicts an 11% increase in Coinbase's stock. Coinbase's shares have exceeded $250, its direct listing price, for the first time in over two years, coinciding with Bitcoin hitting a new all-time high. Despite taking three years and a crypto bull market for Coinbase to surpass its 2021 direct listing reference price of $250, traditional IPO processes are being questioned for wealth transfers to the buy side.