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 plans to list on the Nasdaq under the ticker GEMI. Details about the number of shares or pricing have yet to be disclosed, and no timeline for the launch has been established. Goldman Sachs, Citigroup, Morgan Stanley, and Cantor will lead the offering, accompanied by additional bookrunners. This announcement follows a successful IPO from Circle, the issuer of the USDC stablecoin, which saw significant stock price increases. Gemini's move is part of a broader trend of crypto firms, including Bullish and others, successfully going public, reflecting a rebounding interest in cryptocurrency investments amidst evolving regulatory environments, particularly since recent positive developments in US crypto regulations under the current administration.
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