How much is Coinbase stock worth?

Coinbase's stock opened at $381 per share, up 52.4% from a reference price of $250 per share set on Tuesday though only 10.9% above the $343.58 volume-weighted average price Coinbase's shares were trading at privately in the first quarter of 2021.

Does Coinbase have a direct listing?

In pursuing a direct listing, Coinbase followed tech companies like Spotify, Slack, Palantir and Roblox, which helped standardize the process. Excluding options and restricted stock units, Coinbase closed the day with a market cap of about $62 billion.

How did Coinbase perform in Q1 2021?

The company had a blowout Q1 2021, noting that revenues likely grew to $1.8 billion, with trading volume for the quarter alone rising to $335 billion as prices for Bitcoin almost doubled year-to-date, driving up MTUs on the platform. (Related Coinbase Revenues: How Does COIN Make Money?)

What is Coinbase's IPO process?

Skirting the traditional IPO process, Coinbase listed its stock directly, allowing employees and existing shareholders to sell shares immediately at a market-based price. In pursuing a direct listing, Coinbase followed tech companies like Spotify, Slack, Palantir and Roblox, which helped standardize the process.