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Coinbase IPO | From $381 to $429.54 and closed at $328.28
By Singaporean Talks Money  •  April 15, 2021
Having a cryptocurrency exchange be listed on the NASDAQ is funny because cryptocurrency is thought to be decentralised meaning the government does not control it's supply and cannot produce more Bitcoin for example when it is in high demand. So it is funny that Coinbase chooses to list on the financial market which is usually manipulated or controlled by institutional investors. However, being the first major cryptocurrency start-up listed in the US market, it has added more credibility to cryptocurrency showing it's power as it's listing IPO price beats the original reference price of USD$250. Read more: Q1 2021 Portfolio Update | Crypto, Stock Holdings and Dividends Coinbase IPO Price Coinbase opened at $381 and quickly shot up as high as $429.54, before closing for the day at $328.28. It is amazing how valuations are nowadays with IPOs being so hot. From Airbnb to Slack and Roblox, IPOs really are red...
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By Singaporean Talks Money
I am currently a 23 year old university student in SIM. I hope to be able to grow my money and see the power of compound interest. I became interested in investing when I took a gap year and worked full-time. I realized that by just saving, it was very difficult to achieve my financial goals hence i read up on investing.
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