Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Coinbase Gifts Employees 100 Shares Worth $250 Each

Cryptocurrency Apr 14, 2021 03:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Coinbase Gifts Employees 100 Shares Worth $250 Each

  • Coinbase gifted its full-time employees 100 shares each.
  • The surprise gift was awarded ahead of the exchange’s public listing.
  • Each share is worth about $250.

Coinbase exchange surprised its 1,700 employees with 100 shares each. The share gift comes ahead of the exchange’s public listing on Nasdaq today, April 14.

However, only full-time employees were eligible for the share giveaway. It means that all contractors and part-time staff that perform auxiliary duties did not get any shares. Also, Coinbase has always been generous to its employees. In fact, the exchange has awarded new employees with Restricted Stock Units (RSU) in the past.

Moreover, according to SEC filing, Coinbase employees make up the majority of current Coinbase shareholders. This is particularly significant as Coinbase intends to go public using a direct listing.

Notably, a direct listing differs from an initial public offer in that the listing company does not issue new shares. The public investors can only buy the listing company’s shares from current shareholders. To this end, Nasdaq has set the reference price for Coinbase shares at $250 each.

Thus, in light of this, Coinbase employees stand to become about $25,000 richer thanks to this generous gift. However, once the shares go public, the price could go either up or down depending on market demand.

In addition, Coinbase is known as the cryptocurrency kingmaker. This is because a Coinbase listing usually causes the crypto’s price to surge. As such, the exchange going public could lead to greater crypto adoption and mainstream acceptance.

This article was first published on coinquora.com

Continue reading on CoinQuora

Coinbase Gifts Employees 100 Shares Worth $250 Each
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email