Indicative price of $340 set for Coinbase share after Nasdaq quotation window: source
April 14, 2021, 10:36AM EDT
1 min read
An indicative price for Coinbase shares has been set, The Block has learned.
According to a source familiar with the situation, the quotation window for Coinbase's market debut kicked off at 10:10 am EST with an indicative price of $340 a share—much higher than the $250 reference price announced on Tuesday. Reuters first reported the news.
Still, that figure is considerably lower than the nearly $600 price point that COIN was trading at pre-public debut on FTX. Contracts trading on the Asia-based venue fell to $463 at the time of writing.
As previously reported by The Block, Coinbase will make its public market debut in the early afternoon. A source said that it would be a couple of hours until the official first trade after the opening bell.
Correction: This report has been updated to reflect that Reuters, not Bloomberg, initially reported the indicated price of $COIN.