Breaking: Coinbase Registers 114.9 Million Shares For Direct Listing on Nasdaq

Coinbase has registered 114.9 million of its shares for a direct listing on Nasdaq as per a report from Reuters. The cryptocurrency exchange announced its plans of making a public debut towards the end of last year and filed the S1 Form with the SEC in the last week of February revealing its plans of direct public listing on Nasdaq.
Earlier reports suggested that the firm was targeting a share price of $200 apiece, however, post its S1 filing, its pre-market valuation has exceeded $100 billion as many believe the actual valuation might exceed further. Accounting for the current 115 million shares listing and a pre-market valuation of $100 billion-plus suggest that the share price will be much higher than the early price target of $200.
This story is being updated
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