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. They plan to list on the Nasdaq under the ticker GEMI. Specific details about the number of shares and pricing have not yet been disclosed, nor has a timeline for the IPO been released. Goldman Sachs, Citigroup, Morgan Stanley, and Cantor are the lead bookrunners for the offering. This move to go public follows a wave of interest in cryptocurrency IPOs, notably highlighted by the successful IPO of Circle, which saw its share price triple shortly after going public. The recent surge in crypto-related IPOs reflects a growing confidence in the digital asset sector as regulatory environments improve, particularly after significant changes in legislation in the U.S. Furthermore, firms like Bullish have seen positive reception in the market, indicating a robust demand for cryptocurrency-related investments.
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