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 …
Browse
Business Central
Accelerate growth with 1BusinessWorld's Global Business Profile
Sign up for free or use coupon code 1BW50 for 50% discount on your subscription
Sign up nowLatest Business News
- The Transformational Potential of Agentic AI: Opportunities, Ambitions, and Risks (1/13/2025) - Artificial intelligence (AI) evolves rapidly, transitioning from a tool for… Read more...
- Transforming Data Management for Organizational Success (1/12/2025) - Strategies for Simplifying Processes, Enhancing Security, and Driving Efficiency Across… Read more...
- Bridging Education and Innovation: EIT Digital’s Blueprint for Europe’s Tech Future (1/10/2025) - How EIT Digital empowers leaders, scales startups, and drives digital… Read more...
- Embracing Transformation: The Strategic Imperative of Generative AI (1/7/2025) - Redefining Business Operations and Workforce Potential in the Era of… Read more...
- Empowering Global Progress Through Accessible Data Science (1/7/2025) - Democratizing Data Education and Driving Ethical Innovation for a Better… Read more...
- Reinventing Finance with Next-Generation AI (12/28/2024) - Ten Transformative Use Cases Elevate Compliance, Efficiency, and Client Value… Read more...