SHOULD YOU BUY COINBASE STOCK?
Coinbase (COIN) is the premium exchange to trade bitcoin and other cryptocurrencies. The company is direct listing its stock.
Our call has been to buy COIN stock if you could get it in the direct listing or in the private market.
Those who could not get stock in the direct listing and are desirous of buying COIN after it starts trading publicly may consider the following points.
- The reference price is set at $250 per share. The stock is not likely to trade anywhere near this price. However, this is an important benchmark to note in case the stock pulls back at some future date.
April 14, 2021