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, aiming to launch an IPO. The exchange intends to list on the Nasdaq Global Select Market under the ticker GEMI. The specifics regarding the number of shares or price range are yet to be disclosed, and no timeline for the IPO has been provided. Major investment firms including Goldman Sachs, Citigroup, and Morgan Stanley will facilitate the offering. This announcement follows the recent successful IPO of the USDC stablecoin issuer Circle, which saw significant initial trading gains. Additionally, Bullish, a cryptocurrency exchange, also experienced a substantial surge in stock price following its debut. These developments signal a robust interest in digital asset companies going public, aided by an improving regulatory environment for cryptocurrencies since recent administrative changes in the U.S. government.
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