Retail investors lined up in droves to buy shares of cryptocurrency exchange Coinbase as it debuted on the Nasdaq, surpassing the popularity of many other major technology and “meme-stock” favourites.
Data from Breakout Point showed Coinbase’s listing attracted a horde of retail investors, higher than that flocking to other popular tech stocks including GameStop and Tesla. It also beat stocks including Airbnb, Roblox, Snowflake and Palantir.