Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has filed with the SEC to go public via an initial public offering (IPO) on the Nasdaq Global Select Market under the ticker GEMI. This announcement comes just two months after a preliminary confidential filing with the regulator. Specific details about the number of shares to be offered and their price range have not yet been disclosed, nor has a timeline for the IPO been provided. Major banks such as Goldman Sachs, Citigroup, and Morgan Stanley are set to be lead bookrunners for this IPO. The move follows a recent surge in crypto IPOs, such as the successful offering by Circle, which saw significant price increases post-launch. Bullish, another crypto exchange, recently observed its stock price rise dramatically after its listing, suggesting strong market interest in digital asset companies. The regulatory landscape for cryptocurrencies has also improved under new government leadership, potentially fostering a more favorable environment for crypto IPOs moving forward.

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