Gemini Plans to Go Public via Nasdaq as Crypto IPOs Boom
Gemini, a cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has filed with the SEC to go public. The company plans to launch its initial public offering (IPO) on the Nasdaq Global Select Market under the ticker GEMI. Details on the number of shares or pricing have not been disclosed, nor a timeline for the IPO. The announcement follows the successful IPO of USDC stablecoin issuer Circle, which saw its share price rise significantly after launch. Other crypto companies, including Bullish, have also experienced strong IPO performances, highlighting a growing interest in digital asset firms going public. The regulatory environment has improved, particularly since President Trump returned to office and recent legislative actions that favor crypto firms. This context positions Gemini favorably as it seeks to enter the public market and capitalize on the prevailing enthusiasm for crypto investments.
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