Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, announced its plans to go public by filing with the SEC for an initial public offering (IPO). This announcement follows an earlier confidential filing and comes amidst a surge in crypto-centric IPOs, including that of Circle, which saw its stock price triple after its debut. The IPO is intended to list on the Nasdaq Global Select Market under the ticker symbol GEMI, although the specifics regarding the number of shares and pricing are yet to be released. Notably, major investment banks including Goldman Sachs and Morgan Stanley will facilitate the offering. The ongoing interest in crypto IPOs is indicated by the recent impressive performance of another exchange, Bullish, whose shares dramatically increased after going public. Regulatory conditions for cryptocurrency firms have improved recently, further encouraging the increase in IPO activity in this sector.

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