Estimated Coin price? | Bitcointalksearch.org

hugeblack

legendary

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Merit: 3645

Buy/Sell crypto at BestChange

Quote from: ghena on April 09, 2021, 09:08:36 AM

What would be estemated Coinbase value on the first trading day?

AFAIK, Coinbase (NASDAQ:COIN) going public through a direct listing instead^[1].
Direct listings are rare and mean that the company will sell million of shares directly to the public.
The number of accounts on the platform has increased and its value has doubled over the past months, and it is likely to increase because we are still in a bull season.
I expect to witness double current pre-IPO contract prices.

[1] https://www.investors.com/news/technology/airbnb-direct-listing-plan-unicorn-companies/

Theb

hero member

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Here is what I posted regarding the Coinbase IPO on another topic

Quote from: Theb on April 03, 2021, 06:25:53 PM

Adding more details into Coinbase's upcoming IPO here is their Prospectus Document (Form S-1)

Revenue (in Thousands)
2020 - 1,141,167
2019 - 482,949

Operating Income/(Loss) (in Thousands)
2020 - 408,951
2019 - (45,783)

~snip

Regarding its upcoming IPO they will be offering around 114 million class A shares with a Proposed Maximum Aggregate Offering Price of $943,218,155 meaning that the potential price per share will be around 8$ now a lot of experts in the stock market say that a lot of them don't invest or participate in any IPO offering as during its first launch you won't really know where their stock is heading. Yes you have the chance to buy their shares at a the lowest price since it is their IPO offering but based on historical performance just like the ICOs we have in the crypto market a lot of times first shareholders of the stock are also doing profit taking once they see a gain on their portfolios.

mk4

legendary

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Paldo.io 🤖

The FTX crypto derivatives exchange has a Coinbase pre-IPO contract trading pair listed. While the market price in their trading pair isn't guaranteed to be the actual share price once it enters other brokers' platforms, it could probably give you a good idea on what price range the shares are going to be.

As we speak, it's $505 per share: https://ftx.com/en/trade/CBSE/USD

jackg

copper member

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https://bit.ly/387FXHi lightning theory

The market normally determines this.

A lot of the time for IPOs on uniswap, the price is set very low compared to the tokens initial price at the ipo. Something similar might happen with coinbase or, they'll let people set their own prices and allow for a free market, or they'll go off what the standard ask for the coin is at that time based on other exchanges.

Exchanges may also have supervisory arbitrage bots for the first few weeks or trading too to try to keep the price in line with other exchanges if the volume isn't yet there.

ghena

newbie

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Merit: 3

What would be estemated Coinbase value on the first trading day?

Topic: Estimated Coin price? (Read 89 times)