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 launch an initial public offering (IPO). The company plans to list on the Nasdaq under the ticker GEMI, although details on the number of shares offered and the pricing have yet to be disclosed. The announcement follows a recent trend of successful crypto IPOs, including the significant debut of USDC issuer Circle, which saw substantial increases in share price following its IPO. Bullish, another crypto exchange, also experienced a dramatic rise in its stock price shortly after going public. Gemini aims to capitalize on the growing appetite for cryptocurrency companies in the public markets. Leading investment firms, including Goldman Sachs, Citigroup, and Morgan Stanley, will manage the offering.
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