Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, has announced its intention to go public by filing with the SEC for an initial public offering (IPO). The IPO aims to list on the Nasdaq Global Select Market under the ticker GEMI. Details on the number of shares and pricing are yet to be revealed. Goldman Sachs, Citigroup, Morgan Stanley, and Cantor are appointed as lead bookrunners. The move follows a recent surge in interest for crypto IPOs, exemplified by Circle’s successful IPO that saw its share price triple shortly after launching. The bullish sentiment in the crypto market was further demonstrated when the shares of exchange Bullish surged over 300% from its offering price on the first day of trading, indicating strong investor appetite for cryptocurrency-related stocks. The landscape for crypto regulations has improved since the new administration took office, paving the way for companies like Gemini to proceed with their public listing initiatives.

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