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Reference price
Coinbase’s Reference Share Price for Trading to Commence Is $250
That's a valuation of $66.5 billion, assuming an estimated 266.2 million shares outstanding.

Nasdaq Is Disclosing Coinbase’s Reference Price This Afternoon. Here’s What That Means
The price is normally the same as the value a company’s shares last traded in private markets. Which for Coinbase is $343.58 per share.

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