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 on the Nasdaq under the ticker GEMI. The details, including the number of shares to be offered or the price range, haven’t been disclosed, nor has a timeline for the IPO. Prominent financial institutions, including Goldman Sachs and Citigroup, will lead the offering. This announcement follows a recent trend in the crypto sector where companies like Circle and Bullish have successfully launched IPOs, with Bullish's share price soaring significantly after its debut. The regulatory landscape for crypto has improved, facilitating these public offerings as major crypto firms continue to explore market opportunities. Gemini's IPO represents a continuation of the growing interest in cryptocurrency investments among traditional investors.
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