DeRisk Wealth Advisory Acquires 104,550 Common Stock Shares in Coinbase Global, Inc. (NASDAQ: COIN)

Ahead of highly anticipated direct listing of the cryptocurrency unicorn exchange Coinbase (NASDAQ: COIN), the boutique investment company DeRisk Wealth Advisory acquires 104,550 shares at a price of 268.90 USD per share. End Quote

(1888PressRelease) April 05, 2021 - LONDON - Ahead of highly anticipated direct listing of the cryptocurrency unicorn exchange Coinbase - Coinbase Global, Inc (NASDAQ: COIN), the boutique investment company DeRisk Wealth Advisory acquires 104,550 shares at an average price of 268.90 US Dollars per share as the total investment is above 28 million US Dollars.

DeRisk Wealth Advisory was founded in 2015, as a natural step forward after several years of portfolio management delivered by the top managers to the founding families of DeRisk Advisory Services Ltd. In 2019, within the firm’s development plan, the top management carried out a buyout and currently holds the majority of the company.

Coinbase Global Inc.’s backers registered for as many as 114.9 million shares to trade in the direct listing of the cryptocurrency exchange, in the latest test of an alternative way to debut in the public markets.

Investment firms including Andreessen Horowitz and Union Square Ventures are among those whose shares could trade, according to a regulatory filing last Wednesday.

Coinbase shares have changed hands at $200 to $375.01 in private transactions this year, the filing shows. The volume-weighted average price per share for transactions from January through March 29 was $343.58, which would give Coinbase a public market valuation of about $67.6 billion, based on the total number of shares outstanding as of March 29.

Volumes on private markets are usually lower than major stock exchanges, so the trades aren’t a perfect picture of the shares’ current worth. Ahead of the direct listing, the Nasdaq will set a reference price for investors, which is partly based on private trading activity. These private trades aren’t necessarily indicative of where the stock will actually trade.

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