Infotech

Coinbase, the secrets of a smashing IPO



Posted on Apr 20, 2021, 5:00 PM

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It’s the biggest high-tech IPO since Facebook. Coinbase’s entry into the Nasdaq was sensational on April 14. The stock opened the session at $ 381, a level 52% higher than its benchmark price. Its crazy first day on the markets ended with a valuation exceeding 86 billion.

The cryptocurrency trading site is riding the crest of a phenomenal development and craze for virtual currencies, the most famous of which is bitcoin. Coinbase provides different services around their exchanges, such as cashout for e-merchants. It thrives over 95% on commissions, a very lucrative business.

The Story is a podcast of “Echoes”. This episode was recorded in April 2021. Editor-in-chief: Clémence Lemaistre. Guest: Nessim Ait-Kacimi (foreign exchange specialist at Les Echos). Director: Willy Ganne. Music: Théo Boulenger. Graphic identity: Upian. Photo: Richard B. Levine / Newscom / SIPA. Sounds: CNBC, Jean-Louis Aubert “Thousands, Millions, Billions”, Nas – I Am “Money Is My Bitch”, Wriggles “Plouf”, Koh-Lanta.

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