Coinbase lets US retail request IPO allocations in its app; COIN reaches four-month high
Blockchain.News reports Coinbase opened in-app IPO allocation requests for US retail, starting with Oura's up-to-$2.2 billion Nasdaq offering, and COIN hit an intraday high of $208.33.
Why it matters
If confirmed, the app feature would extend Coinbase's retail reach into IPO allocation distribution alongside the perpetual futures filing described in the same coverage. Because Blockchain.News is the only outlet in this set, the company reaction and the analyst actions remain single-sourced. No regulatory or wider market consequence has been established.
Where the sources disagree
Size of the share price reaction
4.5% rise on Monday
Blockchain.News
11.7% then 3.5%
Blockchain.News, Blockchain.News, Blockchain.News
One Blockchain.News report describes a single-session 4.5% move on Monday, while three later reports from the same outlet describe an 11.7% session followed by a 3.5% session.
Key facts
Coinbase announced on September 21 that eligible US retail investors can request IPO allocations through its app, with Oura's offering as the first deal.
Reported by Blockchain.News
The debut deal is smart-ring maker Oura's Nasdaq listing, which two of the four Blockchain.News pieces size at up to $2.2 billion.
2,200,000,000 USDDisputed figureReported by Blockchain.News
Blockchain.News reported COIN gained 11.7% in one session and then another 3.5%, closing at $201.05.
11.7 %Disputed figureReported by Blockchain.News
Blockchain.News described the intraday high of $208.33 as a four-month high for COIN.
208.33 USDDisputed figureReported by Blockchain.News
Sell-side reactions reported by Blockchain.News were Clear Street raising its target to $224 from $204, Bernstein holding $330 with a Buy, and William Blair reiterating a Buy on September 22.
224 USDReported by Blockchain.News
Coinbase filed paperwork to offer perpetual futures contracts tied to major US equities, a product the CFTC greenlit in May, according to Blockchain.News.
Reported by Blockchain.News
Blockchain.News reported Q2 subscription and services revenue of $555 million, 48% of net revenue, prediction-market contract revenue up 106% quarter over quarter, and Bitcoin-related transaction revenue down to 12% of total revenue from over 50%.
555,000,000 USDReported by Blockchain.News
What happened
Blockchain.News reported that on September 21 Coinbase began letting eligible US retail investors request IPO allocations directly through its app, with smart-ring maker Oura's Nasdaq offering, put at up to $2.2 billion, as the first deal. The outlet said customers can submit conditional buy orders before shares open, with Coinbase acting as the retail distribution channel for the offering. Blockchain.News put the stock's reaction at an 11.7% rise followed by another 3.5%, a close of $201.05 and an intraday high of $208.33, which it described as a four-month high. The same outlet reported Clear Street raising its target to $224 from $204, Bernstein holding at $330 with a Buy, and William Blair reiterating a Buy on September 22, and also reported that Coinbase filed paperwork for perpetual futures contracts on major US equities, a product it said the CFTC approved in May. What is unclear: no newsroom other than Blockchain.News covered the announcement, Coinbase issued no statement in this evidence, and the reported share gain, intraday high and current price level differ between the outlet's own reports.
How the story developed
- Update
Coinbase announces in-app IPO allocation requests for US retail, starting with Oura
Eligible US retail investors can request allocations through the Coinbase app, with Oura's Nasdaq offering as the first deal.
- Update
Sell-side target changes reported after the announcement
Clear Street raised its target to $224 from $204, Bernstein held $330 with a Buy, and William Blair reiterated a Buy on September 22.
- First report
First report by Blockchain.News
COIN Price Prediction: IPO Access Catalyst Meets a Broken Earnings Story — $220 or $186?
- Update
Blockchain.News reports the two-session rally and a $201.05 close
Described an 11.7% session followed by 3.5%, an intraday high of $208.33, and a tokenized quote of $197.69.
- Update
COIN pulls back from the four-month high
Blockchain.News reported a rejection of the session high of $204.62 and a tokenized quote of $195.30.
- Update
Blockchain.News reports the pullback holding
Tokenized quote of $199.62 with a 24-hour range of $193.83-$202.69, alongside Q2 revenue mix figures.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 22 Sept 2026, 12:54 UTC: Blockchain.News — 1 independent source, 1 reports
- 23 Sept 2026, 13:11 UTC: Blockchain.News — 2 independent sources, 2 reports
Affected entities
Also mentioned: Nasdaq, Commodity Futures Trading Commission, Base
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Blockchain.News Crypto media | COIN Price Prediction: IPO Access Catalyst Meets a Broken Earnings Story — $220 or $186? | Original | |
| Blockchain.News Crypto media | COIN Price Prediction: "Everything Exchange" Pivot Fuels $220+ Push — But Earnings Reality Bites Back | Syndicated | |
| Blockchain.News Crypto media | COIN Price Prediction: The "Everything Exchange" Catalyst Has Legs — $220+ Within 30 Days | Syndicated | |
| Blockchain.News Crypto media | COIN Price Prediction: The "Everything Exchange" Pivot Is the Only Bull Case That Matters Right Now | Syndicated |
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