Goldman Sachs and Nasdaq have decided Coinbase stock should start trading at $250 per share.

That's a valuation of $66.5 billion, assuming an estimated 266.2 million shares outstanding.

The reference price is discovered using public financial information along with market sentiment and is usually a conservative estimate. This figure came is 27% lower than what Coinbase last traded at in the private secondary market, $343.58 per share.

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