Coinbase Is Indicated to Open at $340 in Nasdaq Debut

(Bloomberg) -- Coinbase Global Inc. is indicated to open at $340 in its Nasdaq debut on Wednesday, a figure that may change before shares start trading.

The largest U.S. cryptocurrency exchange is the latest to go public via direct listing, an alternative to a traditional initial public offering or a merger with a special purpose acquisition company.

The listing’s reference price of $250 per share is not a direct indicator of the company’s potential market capitalization, which will become more clear after the stock starts trading later on Wednesday.

Read more: Coinbase Listing Throws Spotlight on Nasdaq Amid Bitcoin Boom

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