Coinbase Opens IPO Allocations to Retail: COIN Jumps 11.7%
- —COIN rose 11.7% and 3.5% over two sessions, peaking at $208.33 intraday
- —First IPO via the app is Oura Ring, targeting up to $2.2 billion on Nasdaq
- —Q2 2026 revenue fell 18.5% year-over-year to $1.22 billion, EPS of -$1.36
- —Analyst targets range from $95 (Barclays) to $330 (Bernstein), consensus near $220
Why it matters: Revenue diversification beyond trading fees could re-rate Coinbase, but Q3 earnings on October 29 will be the decisive test of the thesis.
Source: Blockchain.News