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A controversial ad gets banned from television — for a message that is only implied.
Remote-First-Company/BOSTON--(BUSINESS WIRE)--Coinbase Global, Inc. (“Coinbase”) (Nasdaq: COIN) today announced the pricing of $1.3 billion aggregate principal amount of 0% Convertible Senior Notes due 2029 (the “2029 notes”) and $1.3 billion aggregate principal amount of 0% Convertible Senior Notes due 2032 (the “2032 notes” and, together with the 2029 notes, the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule.
Coinbase will offer $1 billion in convertible senior notes due 2029 and $1 billion due 2032.
Coinbase Global Inc (NASDAQ:COIN) said on Tuesday it plans to raise $2 billion through a private offering of convertible senior notes, with $1 billion each due in 2029 and 2032. Shares fell nearly 5% in Tuesday morning trading as investors digested the new fundraising plan.
Most investors would agree that today's stock market is dominated by risk-on sentiment, with the S&P 500 reaching new all-time highs largely due to the strong performance of a few leading technology stocks. There is nothing wrong with this situation, but it does raise a few flags for active investors moving forward, flags that represent additional profit potential.
Remote-First-Company/PHOENIX--(BUSINESS WIRE)--Coinbase Global, Inc. (“Coinbase”) (Nasdaq: COIN) today announced its intention to offer, subject to market conditions and other factors, $1.0 billion aggregate principal amount of Convertible Senior Notes due 2029 (the “2029 notes”) and $1.0 billion aggregate principal amount of Convertible Senior Notes due 2032 (the “2032 notes” and, together with the 2029 notes, the “notes”) in a private offering (the “offering”) to persons reasonably believed t.
Compass Point downgraded the stock to Sell from Neutral after the crypto exchange's lackluster earnings print. Others are at Buy.
Coinbase (COIN) shares are higher despite a downgrade from the analyst at Compass Point. The firm cut COIN to a sell rating saying that increasing stablecoin competition could weigh on the company's performance.
Coinbase Global (COIN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Coinbase (COIN) shares are down from all-time highs as investors react to its latest earnings report. Compass Point downgraded the stock to start the week.