You are using an older browser version. Please use a supported version for the best MSN experience.

Why Coinbase's blockbuster IPO is 'exorbitant'

While Coinbase offers a service that people need, the stock price is exorbitant, because it implies that the company's future revenues would be significantly larger than Intercontinental Exchange and Nasdaq combined in 2020, says David Trainer, CEO at New Constructs.

UP NEXT

UP NEXT

CNBC

Fortune

image beaconimage beaconimage beacon