Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, announced it has filed with the SEC for an IPO, aiming to list on the Nasdaq under the ticker GEMI. Specific details regarding the number of shares and pricing are yet to be disclosed. Goldman Sachs, Citigroup, Morgan Stanley, and Cantor will lead the underwriting process. This announcement follows the successful IPO of Circle, the issuer of USDC, which saw a dramatic increase in its stock price post-launch. The market is witnessing a resurgence in crypto IPOs, highlighted by the record performance of other firms like Bullish, which tripled its share price shortly after its offering. This uptick in IPO activity comes as the regulatory environment for crypto has improved significantly, particularly after recent changes in government leadership.

Source 🔗