Gemini Plans to Go Public via Nasdaq as Crypto IPOs Boom
Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, has announced its intent to go public by filing with the SEC for an IPO, following their confidential filing two months ago. The exchange aims to list on the Nasdaq under the ticker symbol GEMI, although details regarding the number of shares and pricing have not yet been disclosed. The IPO will be managed by Goldman Sachs, Citigroup, Morgan Stanley, and Cantor, among others. This move comes amid a surge in interest in crypto IPOs, evidenced by the soaring share price of Circle, the stablecoin issuer, shortly after its own IPO. Similarly, crypto exchange Bullish experienced a significant increase in its share price following its IPO, indicating strong market appetite for digital asset companies. This is particularly noteworthy given the improving regulatory environment for crypto under the current administration, which has eased some restrictions previously imposed on the industry.
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