Coinbase has a new plan after selling stocks to release bad news
Original title: after selling stocks to release bad news, coinbase has a new plan. On Monday (May 17), the closing price of coinbase shares was lower than the IPO reference price of $250 for the first time, and it was 42% lower than the post IPO high on April 14. Coinbase bulls suffered heavy losses. Not long ago, the management team of coinbase, in spite of the opposition of external shareholders, sold its shares and decided to pass a $1.25 billion convertible bond issuance plan (sold to qualified institutional buyers under rule 144A) due in 2026. Coinbase, which was listed on NASDAQ a month ago, wrote in its prospectus: “this financing means that investors can support C at a lower cost

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