Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, has officially filed with the SEC to go public. This announcement comes just two months after its initial confidential filing with the regulator. The platform intends to list on the Nasdaq Global Select Market under the ticker GEMI, though details regarding the number of shares and their pricing remain undisclosed. Major financial institutions including Goldman Sachs, Citigroup, and Morgan Stanley will act as lead bookrunners for the offering. The interest in crypto IPOs follows a successful launch from Circle, the issuer of USDC, whose share price significantly appreciated shortly after trading began. Another notable participant, Bullish, has also seen its shares triple after its initial public offering, underscoring a strong market appetite for digital asset-related companies. The regulatory environment for cryptocurrency has notably improved with recent developments in the U.S., including a new administration taking office which has been considered more favorable towards the crypto sector.

Source đź”—