Coinbase (COIN) opened at $381 on its first day of trading on April 14, 2021. A $1,000 investment at the open would have bought approximately 2.6 shares. The stock fell 91% to a low of $32 in December 2022 as the crypto bear market hit. By mid-2024 with Bitcoin near all-time highs and COIN trading around $200-$240, that $1,000 investment is worth approximately $525-$630 — still down from the IPO open.