Coinbase Stock's 1st Day Performance
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YahooFinance - COIN shares fell 1.7% to end at $322.75, reversing earlier gains of as much as 6.4% to $349.18. Just a day earlier, Coinbase shares had closed at $328.28, falling 14% from an opening price of $381. "They're really setting the standard for what I think is going to unlock a lot of blue-chip crypto companies to come to the public market. I think this has been super well-received by the investment community," Michael Sonnenshein, Grayscale Investments CEO, told Yahoo Finance. "I think it's likely to lift valuations across crypto companies," Sonnenshein added." And on the heels of that, you may see a new wave of VC investment into crypto companies looking for kind of that next Coinbase, and then also hopefully inspiring a new generation of entrepreneurs to keep building within the crypto economy."
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