Coinbase

Mat,
You're probably aware. You can now gain exposure to coinbase buying the fintech or innovation ARK ETFs.

Thanks Mat,
It looks like it will open at least at $250.
They have it quoted in RBC as previous close $250 and EPS as 1.73. They have 185.986 million outstanding shares.
RBC accepts limit offers starting 4pm today.

Hey,

It actually begins trading tomorrow (WED) and it will certainly be one to watch. It is a direct listing and where it opens is anyone's guess. I've seen anywhere between $65B to $170B - pretty big range. I think this one is going to pop on first day regardless given the interest in crypto right now.

The company generated $1.8B in revenue last quarter, so its looking at about $8B annually. So if it opens around $65B i'd be interested, if it opens at $170 i wouldn't be. It'll be wild and likely highly volatile. I've also seen price targets from 250 to 600 per share. In January it sold shares at around 350 per share to private investors.

Personally, I'll just be sitting on the sidelines and watching to see where this settles. I'd probably consider it if it struggles, but I have a hard time seeing that given how hot crypto is right now.

Mat