Cryptocurrency platform Coinbase Global Inc (NASDAQ: COIN) had one of the biggest public listings of all time when it went public via direct listing in April 2021. Here’s a look at how shares have done since the Coinbase IPO.
What Happened: Coinbase went public on April 14, 2021. The company chose a direct listing and went public at a time when it saw massive growth and the cryptocurrency market was booming.
Many analysts believed in the long-term success story for Coinbase. CNBC host Jim Cramer famously said he liked Coinbase to $475 in a tweet on the day of the company’s debut.
Ark Funds CEO Cathie Wood also backed the stock and began accumulating shares of the cryptocurrency platform for several …
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