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Coinbase gifted $25,000 in stocks to all 1700 employees ahead of IPO

One of the biggest cryptocurrencies exchange Coinbase, prepares for its public debut on Wednesday, and it has given 100 shares to more than 1,700 workers to express appreciation for their work in getting the company to its direct offerings.

Coinbase IPO

Coinbase gifted $25,000 in stocks to all 1700 employees ahead of IPO

As the COIN stock is expected to open at $250 per share, this means that Coinbase employees are each getting an extra $25,000 into their pockets. Based on the reference price published by Nasdaq on Tuesday, Coinbase’s pre-trading valuation is $66.5 billion.

The arrival of Coinbase in the stock market will be an important milestone for the entire crypto industry and will act as a Wall Street acceptance gauge in the face of a company that deals with cycles of volatility.

They are expected to start trading soon on Nasdaq marketplace under the Ticket ‘COIN’.

UPDATE: By 1:30 PM E.T. the opening price had jumped to $394.

Wiith informations: Fortune

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