Cryptocurrency exchange Coinbase registered 114,850,769 Class A shares for direct listing on the Nasdaq exchange, according to a modified S-1 filing with the US Securities and Exchange Commission.
Coinbase announced its intention to re-offer its first public offering in December 2020 when it first submitted registration forms to the SEC. In early March, the pre-market share price in the private market rose to $ 375, bringing the company’s initial valuation at that time to around $ 100 billion.
Updated S-1 documents suggest a weighted average share price of $ 343.58 based on special market transactions from the first quarter of 2021.
According to the information available, the low and high selling price per share of Class A and Class B shares (on a convertible basis) for such special transactions during the first quarter of 2021 (through March 15, 2021) was $ 200.00 and $ 375.01. United States of America. … the weighted average share price for the first quarter of 2021 (to March 15, 2021) was $ 343.58. ”
According to CoinMarketCap, Coinbase had a pre-recorded FTX token price of $ 445 at press time.