Coinbase IPO Allocations Spark 5.7% Share Price Rise Amid Valuation Concerns
Coinbase Global Inc (NASDAQ: COIN) made headlines on September 21, 2026, by announcing its plan to offer IPO allocations to U.S. retail investors through its platform.
The move is aimed at promoting long-term investment and encouraging users to hold onto their shares for a minimum of 30 days, with potential penalties for early selling.
Coinbase's share price responded positively to the news, rising 5.7% in early trading, fueled by a 5.4% increase in Bitcoin's price to $85,600.
The company's Price-to-Sales (P/S) ratio currently stands at 9.09, slightly above its historical median of 8.72 and higher than the industry average.
The GF Value™ metric, which estimates a fair value based on historical trading multiples and future performance, suggests that Coinbase is modestly overvalued by approximately 11%, with a calculated value of $183.34 compared to its current market price of $203.45.