Representations of bitcoin and U.S. dollar banknotes are seen in this illustration taken on January 6, 2020. Photo: Reuters
Representations of bitcoin and U.S. dollar banknotes are seen in this illustration taken on January 6, 2020. Photo: Reuters
IPO

Coinbase’s impending US listing throws the spotlight on Nasdaq as bitcoin’s value soars to record

  • Nasdaq on Tuesday set a reference price of US$250 a share for Coinbase’s direct listing, valuing the company at US$47 billion based on the outstanding shares listed in its prospectus
  • Coinbase shares changed hands at a roughly US$90 billion valuation in early March

Representations of bitcoin and U.S. dollar banknotes are seen in this illustration taken on January 6, 2020. Photo: Reuters
Representations of bitcoin and U.S. dollar banknotes are seen in this illustration taken on January 6, 2020. Photo: Reuters
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