UPDATE 1-Coinbase heads for $91 bln valuation in Nasdaq debut
11:00 AM ET, 04/14/2021 - Reuters
(Updates indicative price, adds background)
April 13 (Reuters) - Cryptocurrency exchange Coinbase Global Inc was set to be valued at more than $91 billion in a stock market debut on Wednesday that marked another big milestone in the development of bitcoin and other digital assets.
At 10:21 a.m. ET, the company's stock was indicated to open at $350, up 40% from a reference price of $250 per share, making its implied value more than three times that of exchange operator Nasdaq.
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