3 Recent IPO Stocks That Could Be Bigger Winners Than Coinbase
Coinbase Global's (NASDAQ: COIN) initial public offering (IPO) last week pretty much lived up to the hype. The cryptocurrency-exchange stock opened 52% above its reference price of $250. And Coinbase's public debut became the seventh-biggest U.S. IPO ever, based on market cap at the close of the first day of trading.
Now, though, Coinbase's future hinges on what happens next with cryptocurrencies. As my Motley Fool colleague Tim Green recently pointed out, it's even possible that wider adoption of crypto could be bad news for the company. Why? Cryptocurrencies are highly speculative right now. If they move into the mainstream, Coinbase's trading volume and revenue could plunge.
For investors looking five years to 10 years out, there are other stocks that arguably offer more attractive risk-reward propositions. Here are three recent stocks that recently conducted IPOs that could be even bigger winners over the long term than Coinbase.
Source Fool.com
