Coinbase IPO: What You Need to Know

Cryptocurrency exchange Coinbase has made waves by listing on the stock market with a public offering, but there are risks

Margaret Giles 19 April, 2021 | 12:14PM
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 Coinbase on smartphone

What is Coinbase?

Coinbase operates an exchange platform where users can securely buy, sell, and store 90 cryptocurrencies, including Bitcoin and Ethereum. The company offers subscription products and services to both institutional and retail customers in over 100 countries, though most of its revenue comes from the United States. Its offerings include cryptocurrency investing, a wallet for retail users, and custodial accounts for institutions. It also provides educational tools for users new to cryptocurrency, which fits with the company’s mission of making crypto more accessible.

The public offering at a glance:

Ticker: (COIN)
Listing Date: April 14, 2021
Publicly Tradable Shares: About 114.9 million
Percentage of the Company Made Public: 44%
April 14 Opening Price: $381
April 14 Closing Price: $328.28
Market Cap: $85.78 billion

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About Author

Margaret Giles  Margaret Giles is a journalist for Morningstar.com, based in Chicago