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 for an initial public offering (IPO). The listing will be on the Nasdaq Global Select Market under the ticker GEMI. The announcement comes after a recent surge in interest for crypto IPOs, marked by the successful public offerings of companies like Circle and Bullish. Gemini aims to capitalize on this momentum, although specific details regarding the number of shares, pricing, or timeline for the IPO have not yet been disclosed. Major banks such as Goldman Sachs, Citigroup, and Morgan Stanley will lead the underwriting process. This move reflects a changing regulatory landscape for cryptocurrency firms since recent policy developments have eased the path for digital asset companies to go public. The success of cryptocurrency IPOs signals strong investor interest in digital finance, further solidified by the market performance of related companies in the space.
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