Coinbase Global’s widely awaited Nasdaq IPO set for Wednesday

Cryptocurrency exchange Coinbase Global (COIN) is set to go public Wednesday via an eagerly anticipated direct listing IPO that could value the firm at more than $100B.Coinbase will start trading on the Nasdaq under the ticker symbol “COIN,” either right when markets open at 9:30 a.m. ET or sometime thereafter. Certain pre-IPO investors will make as many as 114.85M shares available to the public.Wall Street has been awaiting Coinbase’s direct listing because the company represents the first major pure-play cryptocurrency stocks to hit the market.Coinbase operates a popular trading platform for Bitcoin (BTC-USD) and other cryptocurrencies, and also offers services like hosting crypto buyers’ digital “wallets,” which store their holdings.Many see the company’s go-public move as a coming-of-age moment for the crypto industry. COIN is also going public at a time when Bitcoin is hitting a record high, as are other cryptos like Ethereum (ETH-USD) and Dogecoin (DOGE-USD).However, Coinbase is