E How Should You Play The Coinbase IPO?

TM Editors Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are readily manipulated; do your own careful due diligence.


If you ask, "when is the Coinbase (COIN) IPO," the date you need to know is April 14th. This is when the first U.S.-based cryptocurrency exchange goes public. What should you expect with this newest IPO?

coinbase IPO

As of April 12, 2021, the company announced that there are 130.7M shares of Class A common stock outstanding and 68.5M shares of Class B common stock outstanding. According to Coinbase, its fully diluted capitalization sits at 261.3M shares of common stock.

"This fully diluted capitalization share count includes the shares of common stock outstanding and all outstanding stock options and restricted stock units but does not include shares of common stock reserved for future issuance under Coinbase's equity compensation plans or its Pledge 1% commitment. Only shares of Class A common stock will be listed for trading on the Nasdaq Global Select Market. Trading of shares of Class A common stock is expected to commence on April 14, 2021. Each outstanding share of Class B common stock is convertible, at any time, at the option of the holder, into one share of Class A common stock." - Coinbase

The cryptocurrency company did $1.8 billion in revenue ahead of the Nasdaq listing in the first quarter of 2021.  Net income is estimated between $730 million and $800 million, with a monthly active userbase of more than 6 million.

This IPO comes as cryptocurrency leader Bitcoin surpassed a new historic high on April 13th. Bitcoin futures reached a high of $64,450 during the session, while Ethereum futures extended to highs of $2,345. So should you buy COIN stock when it IPOs, or are there other ways to play the hype?


Crypto Stocks To Watch Ahead Of Coinbase IPO

You could play the COIN IPO a few different ways. One way is banking on any of the wildly hot cryptocurrency penny stocks that continue gaining momentum. This has names like Humbl Inc., ZW Data Action Technologies Inc. (CNET), and many OTC listed names trading higher right now. But some of the other ways to play the momentum is looking for tech companies with some crypto exposure.

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Disclosure: None. 

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