Coinbase reference price set at $250 per share, values exchange at $65B

Agence France-Presse

Posted at Apr 14 2021 09:32 AM

Coinbase reference price set at $250 per share, values exchange at $65B 1
Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020. Dado Ruvic, Reuters/Illustration/File Photo/File Photo

NEW YORK, United States - The Nasdaq on Tuesday set the reference price for cryptocurrency exchange Coinbase at $250 per-share ahead of the company's trading debut, one of Wall Street's most anticipated events of the year. 

That price for Coinbase, which has opted against a traditional IPO but instead will use a direct listing, means the company is valued at $65.3 billion.

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