Coinbase's Public Debut Is Set. Should You Invest?

Motley Fool2021-04-12

Cryptocurrency exchange Coinbase is set to go public via direct listing on Wednesday, April 14. In this Fool Live video clip, recorded on April 5, Fool.com contributor Matt Frankel, CFP, and Industry ...

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Comments

Lynny
2021-04-12
Lynny
This is a “crowning” achievement for all crypto believers - who would have thought any cryptocurrency exchange would see this day - being legitimately allowed to list their shares on a US stock exchange. I would totally try to pick up the shares given any opportunity. If you believe in crypto (and I do), this is a great opportunity to get into crypto without having to buy the actual tokens. All that said, the stock will likely be quite volatile and will trade within a large band - but it’s not unlike any of the other volatile tech shares where the stock price can go up and down by more than 10% within a trading dayGood luck to all wanting to get in ??
- Sumei:
  I hope they won’t overprice the IPO as any huge fall in stock price thereafter will just lead to more people thinking that the crypto market is too volatile and therefore unsustainable.
SC2021
2021-04-12
SC2021
Coins database
- SC2021:
  CoIns
SC2021
2021-04-12
SC2021
Coins database
MagPie
2021-04-12
MagPie
@Kenneth736_
Seuna
2021-04-12
Seuna
Wow
- Didilai:
  Wow
DrunkGee
2021-04-12
DrunkGee
Are you in? Like and comment!
- Lty1098:
  Like n comment pls
- 小虎投资123:
  ok

Leave a comment

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The private market valuation is about $68 billion. Coinbase had a phenomenal year in 2020. They're profitable. They made a little over $300 million dollars.Moser: Wait, hold on. There's an IPO that's getting ready to hit and they actually make money? This is new territory. What's going on here, Matt?Frankel: They made money, great growth, $1.2 billion in revenue last year.Moser: Wow.Frankel: But I would put a big asterisk on that because, what happened with Bitcoin (CRYPTO:BTC) last year? Bitcoin is trading right now for about 10 times where it was a year ago. When you get an exchange that transacts in a certain asset and that asset grows tenfold in a year, of course the company is going to make money.  Coinbase wasn't profitable before Bitcoin started going crazy. It's like this wave of mortgage lenders we've seen go public. Remember we've talked several times on the show about how refinancing volume has doubled or tripled from year ago at certain points during the pandemic. 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It really depends on what direction the cryptocurrency market takes as to whether that $68 billion figure is cheap or expensive.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":342585546,"gmtCreate":1618232243285,"gmtModify":1704707826335,"author":{"id":"3576275613425159","authorId":"3576275613425159","name":"Lynny","avatar":"https://static.tigerbbs.com/7c0b8b78e97626dedf9ed61da1957ab7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3576275613425159","authorIdStr":"3576275613425159"},"htmlText":"This is a “crowning” achievement for all crypto believers - who would have thought any cryptocurrency exchange would see this day - being legitimately allowed to list their shares on a US stock exchange. I would totally try to pick up the shares given any opportunity. 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All that said, the stock will likely be quite volatile and will trade within a large band - but it’s not unlike any of the other volatile tech shares where the stock price can go up and down by more than 10% within a trading dayGood luck to all wanting to get in ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/342585546","repostId":2126877066,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4021486,"gmtCreate":1618280775748,"gmtModify":1680783839152,"authorId":3566259831309087,"author":{"id":3566259831309087,"idStr":"3566259831309087","authorId":3566259831309087,"name":"Sumei","avatar":"https://static.tigerbbs.com/ae0a2af1baf6b07a87ffdf41ea17959a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342585546,"type":1,"supId":0,"prevId":0,"content":"I hope they won’t overprice the IPO as any huge fall in stock price thereafter will just lead to more people thinking that the crypto market is too volatile and therefore unsustainable. ","text":"I hope they won’t overprice the IPO as any huge fall in stock price thereafter will just lead to more people thinking that the crypto market is too volatile and therefore unsustainable. ","html":"I hope they won’t overprice the IPO as any huge fall in stock price thereafter will just lead to more people thinking that the crypto market is too volatile and therefore unsustainable. 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Like and comment!","listText":"Are you in? Like and comment!","text":"Are you in? Like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/342594265","repostId":2126877066,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4016051,"gmtCreate":1618231998361,"gmtModify":1680783762881,"authorId":3573201360768736,"author":{"id":3573201360768736,"idStr":"3573201360768736","authorId":3573201360768736,"name":"Lty1098","avatar":"https://static.tigerbbs.com/0123641e5b1e8993162711702dcb0f22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342594265,"type":1,"supId":0,"prevId":0,"content":"Like n comment pls","text":"Like n comment pls","html":"Like n comment pls"},{"id":4015840,"gmtCreate":1618230206951,"gmtModify":1680783749411,"authorId":3572736965372170,"author":{"id":3572736965372170,"idStr":"3572736965372170","authorId":3572736965372170,"name":"小虎投资123","avatar":"https://static.tigerbbs.com/306219307a94107db11a1de008b9af5f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342594265,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":27,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2126877066"}