While Coinbase offers a service that people need, the stock price is exorbitant, because it implies that the company’s future revenues would be significantly larger than Intercontinental Exchange and Nasdaq combined in 2020, says David Trainer, CEO at New Constructs.
Why Coinbase’s blockbuster IPO is ‘exorbitant’
2021-04-15T08:16:19-04:00April 15th, 2021|
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