Coinbase Global's Nasdaq reference price has been set at $250 ahead of its direct listing on Wednesday.
At that price, Coinbase would command a fully diluted market value of $66.4 billion.
For IPO news alerts and enhanced stories and profiles, try a free trial of Renaissance Capital's premium platform, IPO Pro.
The company plans to list on the Nasdaq today under the symbol COIN.
The Nasdaq reference price does not reflect an offering price, or the opening price for Coinbase's shares. Instead, the opening public price will be determined based on buy and sell orders in the opening auction on Nasdaq.
Coinbase is the second direct listing of the year, following online gaming platform Roblox (RBLX), and the first major direct listing on the Nasdaq.
There are no underwriters on the deal; instead, the company's financial advisors included Goldman Sachs, J.P. Morgan, Allen & Company, and Citi.
