I have seen somewhere that coinbase shares on the private market cost about $360. Does this mean that the ipo price will be higher? Does this actually make sense? Just compare, PayPal stock price is about 300$ and was 13 $ at ipo. What m I missing here. Also at the last valuation of 8 billion dollars how much was the share price
Don't compare stock price at one company to the stock price at another company directly. Market capitalization - that's what matters. PayPal current market capitalization is ~350B with a stock price ~$300. CoinBase's stock price $360 would mean market capitalization only about 80B. If you think Coinbase would ever have capitalization about the same as PayPal now, CoinBase stock price would be about $1575 that time (assuming there is no share dilution or shares split).
This is so insightful thank you
OMG, do you really work at Goldman? Sorry for coming of condescending, but I figured someone who worked at one of the biggest IBs in the country would know this.
At gs and can't answer these basics smh
Still a student
When you're talking private market shares, are common and preferred going for the same price? I assume they're different but maybe since it's so close to IPO the benefits of preferred don't matter anymore so price is the same for both? Mostly asking because my co (series C) might let us sell shares soon.
Only if the startup is hot, then common stock may go for preferred share pricing tied to the most recent financing round. Otherwise, there can be a 10-20% discount to preferred.
I'm buying through a underwriting broker who specializes in IPOs did Air BNB and lined up for stripe for $60usd per share. Price targets i think are looking at about $120-$160 a share but could go big with the small investors pouring in the masses and stock hype
How do I buy like you
How does one get a underwriting broker?
Price was $36 @ 8B
That is the current price right?
For new employees I mean