Cryptocurrency Exchange Coinbase has registered 114,850,769 Class A shares for immediate listing on the Nasdaq Stock Exchange, according to an amended S-1 submission to the US Securities and Exchange Commission.
Coinbase announced its intention to make an initial public offering in December 2020 when it first submitted registration forms to the SEC. In early March, the pre-market share price rose as high as $ 375, giving the company an estimated $ 100 billion before IPO valuation at the time.
The updated S-1 submission indicates a volume-weighted average price per share of $ 343.58, based on private market transactions from the first quarter of 2021.
“Based on the available information, the low and high selling price per share of Class A ordinary shares and Class B ordinary shares (on a converted basis) for such private transactions during the first quarter of 2021 (until 15 March 2021)) were $ 200.00 and $ 375.01, respectively. The volume-weighted average price per share for the first quarter of 2021 (to March 15, 2021) was $ 343.58. ‘
At the time of publication, Coinbase has a pre-IPO token FTX price of $ 445, according to data from CoinMarketCap.