Coinbase Global, Inc.
(Note: NASDAQ announced late Tuesday afternoon, April 13, 2021, that $250 is the reference price for the Coinbase Global direct listing. The stock is expected to start trading on NASDAQ on Wednesday, April 14, 2021. This is NOT a traditional IPO. There are no underwriters. Goldman Sachs, J.P. Morgan, Allen & Co. and Citigroup are acting as financial advisors for the Coinbase direct listing.)
(No public market for our Class A common stock currently exists. However, our shares of Class A common stock and Class B common stock (on an as-converted basis) have a history of trading in private transactions. Based on information available to us, the low and high sales price per share of Class A common stock and Class B common stock (on an as-converted basis) for such private transactions during the first quarter of 2021 (through March 15, 2021) was $200.00 and $375.01, respectively. The volume weighted-average price per share for the first quarter of 2021 (through March 15, 2021) was $343.58.)
Coinbase powers the cryptoeconomy. Our mission is to create an open financial system for the world – built by using blockchain technology. Today, the way that we invest, spend, save, and generally manage our money remains cumbersome, inaccessible, expensive, and regionally isolated. In contrast, the Internet has transformed our society by connecting the world and enabling the seamless exchange of information. The legacy financial system is struggling to keep pace with the speed of technological advancements in a global and digitally interconnected society. We started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin, the first crypto asset.
|Industry:||Services - Business Services|
|View Prospectus:||Coinbase Global, Inc.|
|Revenues||$1300.0 mil (last 12 months)|
|Net Income||$127.5 mil (last 12 months)|
|Price range||$250.00 - $250.00|
|Est. $ Volume||$437570.9 mil|
|Manager / Joint Managers||Goldman Sachs/ JPMorgan/ Allen & Co./ Citigroup|
|Expected To Trade:||4/14/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|