Coinbase sets direct listing reference price at $250/share, valuing the company at as much as $65B

Coinbase, the American cryptocurrency trading giant, has set a reference price for its direct listing at $250 per share.

According to the company’s most recent SEC filing, it has a fully diluted share count of 261.3 million, giving the company a valuation of $65.3 billion.

Regardless of which share count is used to calculate the company’s valuation, its new worth is miles above its final private price set in 2018 when the company was worth $8 billion.