Gemini Plans to Go Public via Nasdaq as Crypto IPOs Boom
Gemini, the cryptocurrency exchange co-founded by Tyler and Cameron Winklevoss, has filed with the SEC to go public, planning to list on the Nasdaq under the ticker GEMI. The company submitted its initial confidential filing just two months after revealing its IPO intentions. However, details regarding the number of shares and pricing range are still pending. Major financial institutions such as Goldman Sachs, Citigroup, and Morgan Stanley will act as lead underwriters. This announcement follows a wave of recent crypto IPOs, notably Circle, which saw its stock surge significantly post-launch. Another company, Bullish, also experienced a strong debut, with shares rising dramatically after its IPO. These developments reflect a growing interest in cryptocurrency firms going public, particularly as the regulatory atmosphere improves.
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