Gemini Plans to Go Public via Nasdaq as Crypto IPOs Boom
Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has filed with the SEC to go public. The exchange aims to list on the Nasdaq Global Select Market under the ticker GEMI. Specific details such as the number of shares to be offered and the price range are still undisclosed, along with a timeline for the IPO. Major financial institutions including Goldman Sachs, Citigroup, and Morgan Stanley will take part in facilitating the offering. This announcement comes shortly after the successful IPO of Circle, the issuer of USDC, which saw its share price significantly rise shortly after trading began. The market for crypto IPOs is currently experiencing growing interest, highlighted by the recent substantial gains in share prices for other crypto-related companies, indicating a robust appetite among investors for digital asset firms going public. Overall, the regulatory climate has improved recently, bolstering the prospects for Gemini's public offering.
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