Gemini Plans to Go Public via Nasdaq as Crypto IPOs Boom
Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, has filed with the SEC to go public. The company plans to list on the Nasdaq Global Select Market under the ticker GEMI. While details regarding the number of shares and pricing remain undisclosed, the IPO follows the preceding successful debut of USDC issuer Circle, which saw its share price triple upon launching. Gemini's move coincides with a rise in interest for crypto IPOs, highlighted by Bullish, another crypto exchange whose shares surged significantly on its first trading day. Major financial institutions including Goldman Sachs and Citigroup will lead the offering. The favorable regulatory climate and recent successful crypto IPOs signal continued expansion in the crypto sector as it seeks to capture the institutional investor market.
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