Coinbase reference price set at $250 per share ahead of Nasdaq debut



© Reuters. FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph

NEW YORK (Reuters) – Nasdaq on Tuesday set a reference price of $250 per share for Coinbase Global Inc, projecting a value for the largest U.S. cryptocurrency exchange at $49.19 billion ahead of its landmark stock market debut on Wednesday.

The reference price is not an offering price for investors to purchase shares, but rather a benchmark for performance when the stock starts trading on the Nasdaq stock exchange on Wednesday.

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