Coinbase IPO Direct Listing - Symbol: COIN
Today's video focuses on the Coinbase IPO Direct Listing, the stock symbol is COIN. Coinbase is set to begin publicly trading on the NASDAQ on Wednesday – but with a twist. It’s the first company specializing in cryptocurrencies to hit the market, cashing in on the rising interest in digital currencies such as Bitcoin and Ethereum.
Coinbase (ticker symbol: COIN) is bypassing the usual method of going public – an initial public offering (IPO) – in favor of a direct listing. And this difference poses some different risks to investors from the typical IPO route through an investment bank.
https://www.bankrate.com/investing/co...
Coinbase is going public without an IPO. Here’s how its direct listing will work
Mega cryptocurrency exchange Coinbase is about to launch one of the most highly-anticipated public offerings of 2021 so far.
The crypto marketplace, which some estimate could fetch an astonishing $100 billion valuation (though based on Coinbase's reference price, it's valuation may be more in the $65 billion range), is set to begin trading on Wednesday, but via a less-common process: the direct listing.
With the confluence of a roaring stock market, a crypto market that's hitting all-time highs, and Coinbase's healthy balance sheet itself, "This is a great time to become public," argues Reena Aggarwal, professor of finance and director of the Georgetown Center for Financial Markets and Policy.
Source: https://fortune.com/2021/04/13/coinba...
Video Chapters
0:00 Big Stock Market News for the Day
1:24 COINBASE IPO & Risks of Direct Listing
2:40 Direct Listing versus an IPO Going Public
3:11 Should You Trade the COINBASE IPO?
6:05 Bank Stocks Earnings JPM stock, GS stock, WFC stock
7:10 Two Signs the Stock Market May Have Topped (Short-Term Momentum)
9:10 Watch More than the Major Stock Market Indices
9:45 The difference Between Struggling Chart Readers and Profitable Traders
10:26 Strongest Sectors to Trade
11:30 Two day Trading Setups Today
12:00 Crypto Stocks to Trade
13:45 Top Stocks to Buy Now
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