Coinbase Closes First Day of Trading Down 14% From Debut Price

news coming from Decrypt

Coinbase went public today, debuting on Nasdaq at $381 per share.

It shot up to $424 before tumbling to $310, and ended the day at $328.

That’s still 31% higher than its reference price.

Coinbase wrapped its first day of public trading on Nasdaq with a share price of $328.

It’s down 14% from its debut at $381, but still up 31% from the reference price of $250.

The public debut of $COIN marks an important moment for the crypto...