Aug 11, 01:52 AM

Coinbase Shares Jump in After-Hours on $2 Billion Offering

Coinbase Global Inc. shares rallied in the early-morning hours of Aug. 11, climbing from about $315 at the start of extended trading to roughly $340. The move followed investor reaction to the cryptocurrency exchange’s announcement of a planned $2 billion offering, details of which have not yet been released. The double-digit advance put the stock well above its prior close and underscored renewed appetite for crypto-linked equities. Market participants cited Coinbase’s comparatively lower risk profile versus mining companies as an additional draw during the session.

#Coinbase

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SixSigmaCapital@SixSigmaCapital
1 year ago
Agree that $COIN is amongst the best risk adjusted play if looking for a crypto themed name. If looking for Higher torque, sure you could play the miners at your risk but note they will rug you constantly https://t.co/xqzWGIIvoB
SixSigmaCapital@SixSigmaCapital
1 year ago
Agree that $COIN is amongst the best risk adjusted play if looking for a crypto themed name. If looking for Higher torque sure play the miners but they will rug you constantly https://t.co/xqzWGIJ3e9
Pharmdca@Pharmdca
1 year ago
$COIN Oh my ~ 340 Boom Mentioned $COIN great buyop on stock reaction to $2Billion offering https://t.co/rey9jnuGjz https://t.co/NWTxlm8pEg

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