You can now buy Coinbase stock on NASDAQ and Coinbase joins the Fintech 50 Index.
The question is what price are Coinbase shares worth? Mr. Market will deliver his verdict soon.
I. Am. Not. A. Financial. Advisor. Do. Your. Own. Research. One part of your research is reading our 4-part series on Coinbase going public.
Coinbase is going public via a DPO (Direct Public Offering) which is subtly different from a traditional IPO. Whatever the process, Coinbase is now a publicly traded Fintech stock, so it becomes part of the Fintech 50 Index.
If investors like the $100 billion market cap that was suggested earlier, COIN will rank 9 out of 50 stocks, just below Square (SQ) and above Fidelity Information (FIS). That is heady territory that indicates investor expectation that crypto will disrupt Wall Street and Banking. The reference market cap to start trading is $65.3 billion, which will rank COIN 14 out of 50 stocks, just below Intercontinental Exchange (ICE and above Global Payments (GPN).
Fintech 50 Index is 50 publicly traded Fintech stocks ranked by market cap.
Fintech 50 Index has been incubated within Daily Fintech, the leading site for Fintech, Crypto and Insurtech trends & analysis.
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