Breaking: Coinbase ($COIN) Reportedly To Open Trading at $340/Share

Coinbase Inc, the cryptocurrency exchange is all set to go public on Nasdaq today at 1:30 PM Eastern time. The reference price was earlier reported to be $250/ share, which is nearly 1/3rd of the pre-IPO share value trading on the FTX exchange earlier today. The price of pre-IPO Coinbase share has now registered a decline on FTX, falling from $600 to $475 at the time of writing. However, a recent Bloomberg report suggests that Coinbase could open at a share price of $340 apiece.