Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has filed with the SEC to launch a planned initial public offering (IPO). The exchange aims to list on Nasdaq under the ticker GEMI. Specific details regarding the number of shares or price range have yet to be released, and no timeline for the IPO has been announced. Major financial institutions, including Goldman Sachs, Citigroup, and Morgan Stanley, are involved as lead bookrunners for this offering. This announcement follows a recent trend in cryptocurrency IPOs, highlighted by the successful debut of Circle, a USDC stablecoin issuer, which saw its share price triple shortly after going public. Another recent example is Bullish, a cryptocurrency exchange, whose shares significantly increased on their first trading day. These developments suggest a strong appetite for crypto-related public offerings within the market. Regulatory conditions have improved under recent government leadership, further fostering the go-public ambitions of crypto companies.

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