Would've been interesting if they'd IPO through some crypto means, like on ether or something
Despite what Crypto Bros say, all they really want is to get filthy rich with real money.
Real lambos and houses. No one wants dirty fiat.
Coinbase Announces Listing Date of Its Stock on the Nasdaq
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Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#12Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#13The answer is April 14th for those too lazy to read the article.
Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#14Lmk when i can short.
April 14
Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#15Would've been interesting if they'd IPO through some crypto means, like on ether or something
Yes, this is a missed opportunity for crypto. Unfortunately, securities and exchanges for securities are so heavily regulated, that it is very hard to try something like this with a “fail fast” approach and we will probably have to wait for quite a while until we see such markets happen, if at all. To me as a computer scientist, it is astonishing that even something as simple as a web service that matches willing buy…
About a decade ago BATS tried to IPO on their own exchange and failed pretty spectacularly. Coinbase probably doesn't want to "fail fast" with their IPO when there are billions on the line.
Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#16Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#17There was a time when would have loved to buy Coinbase stock.
Just a few years ago, they were by far the easiest was to buy crypto (IMO). At that time they also felt like the most legitimate site and for people who didn't 100% know what they were doing, but wanted to buy some Bitcoin, that perception of legitimacy is important. For those reasons, I feel like they kind of dominated the casual coin holder space, and I think they could justify the fees they were charging.
In the last year or so it feels like that's all changed. Because of things like Apex Crypto, it feels like pretty much every stock broker app will now let you buy Bitcoin and they'll do it with lower fees than Coinbase. It seems like their market (non-crypto people looking to buy crypto) is being eaten alive. I don't understand their value prop or why their higher fees make sense anymore.
I've been burned too many times, so I don't short stocks or buy puts, but I just can't see this being a good buy. Unless they drastically lower their fees, I just don't see them continuing to grow users.
Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#18Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#19How is the opening stock price decided on a direct listing?
Is there a way to put in orders for a ticker before it has opened/been listed so that you can purchase at 9:30 on the 14th?
Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq
#20Coinbase has been using Morgan Stanley's Shareworks platform to manage the direct listing, which has been a nightmare to use. ACH transfers take over a week and the platform has a ton of technical issues.