Coinbase IPO: A Turning Point For Crypto Sun, April 18, 2021, 9:25 AM·4 min read
There is buzz that the massive direct listing of Coinbase (COIN) is similar to the Netscape IPO of the mid-1990s. Netscape represented the ushering in of the dot-com boom, whereas the Coinbase offering reflects an inflection point for cryptocurrency.
Well, for investors, the analogy should be taken with some caution. Remember, Netscape no longer exists, as it was Google that would ultimately win the war.
Despite this, there is certainly considerable enthusiasm for Coinbase shares. When COIN made its public market debut on April 14, the company’s market value exceeded $85 billion.
As for the direct listing, this means that Coinbase did not raise any capital in the transaction. Then again, it really does not need any. The fact is that the company is highly profitable.
News 
Market Data 
Discover 
