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.
(Reporting by Echo Wang; Editing by Chris Reese)
