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 for an initial public offering (IPO) on the Nasdaq Global Select Market under the ticker GEMI. Details such as the number of shares and pricing have not yet been disclosed. The filing comes after the recent successful IPO of Circle, which saw its share price triple shortly after trading began. In addition, other crypto companies like Bullish have also experienced significant increases in stock prices after their offerings, reflecting a growing interest in crypto IPOs. Notable financial institutions, including Goldman Sachs and Citigroup, are involved in acting as lead bookrunners for Gemini's IPO. The regulatory environment for crypto has seen improvements, encouraging companies to pursue public listings.
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