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Coinbase gets reference price of $250 per share from Nasdaq ahead of Wednesday’s direct listing



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Chesnot | Getty ImagesNasdaq gave Coinbase a reference price of $250 a share on Wednesday ahead of its planned direct listing, which would value the cryptocurrency exchange at about $65.3 billion on a fully diluted basis.Coinbase is set to become the first major crypto business to go public in the U.S. and, should it reach a $100 billion market cap, will instantly be one of the country’s 85 most valuable companies. The company’s value has soared in the past year alongside bitcoin and ethereum, the primary currencies traded on the site.Coinbase chose the direct listing path to the public market rather than …

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