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Coinbase Direct Listing: What Jim Cramer Is Watching

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In an amended S-1 filing with the Securities and Exchange Commission, Coinbase said on Wednesday that it plans to sell 114.9 million shares in its direct listing.

The company, via the direct listing, could be valued at over $100 billion.

Coinbase will list on the Nasdaq with the ticker "COIN." The company initially announced its intentions to go public in December.

However, the company cautioned that recent trading prices in private transactions may have little or no relation to the company's opening public price. The filing didn't indicate a trading date.

Recap TheStreet Live: Everything Jim Cramer Is Watching in the Markets Wednesday

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