Coinbase to have some 261.3M shares outstanding at Wednesday’s IPO

Cryptocurrency exchange Coinbase Global (COIN) disclosed Tuesday afternoon that it will have some 261.3M shares outstanding when it goes public via an eagerly awaited direct listing on Wednesday.COIN wrote in a news release that as of Monday, it had 130.7M Class A shares and 68.5M Class B ones outstanding, or 261.3M in total on a fully diluted basis.Both share classes are identical, except that B shares have greater voting rights and are convertible to A shares by the holder at any time.Some of Coinbase’s pre-IPO shareholders plan to offer their A shares to the public beginning Wednesday via a Nasdaq direct listing rather than a traditional initial public offering.However, it’s unclear where the shares will begin trading, and therefore what the company’s market capitalization will be.The Nasdaq and Goldman Sachs set a $250-a-share reference price for the stock on Tuesday afternoon. That would put the company’s market capitalization at about