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 on the Nasdaq under the ticker GEMI. This announcement comes shortly after the successful IPO of Circle, the issuer of the USDC stablecoin, which saw its share price triple shortly after trading began. Morgan Stanley, Citigroup, Goldman Sachs, and Cantor are leading the underwriting team for Gemini's IPO, although specifics about the share price and timeline have not been disclosed yet. The IPO is part of a larger trend as several crypto companies, including Bullish and Circle, have recently gone public, reflecting an increasing interest in digital asset markets. Following its IPO, the stock of Bullish surged significantly, indicating a strong market for cryptocurrency-related public offerings. The regulatory environment for cryptocurrency has improved recently, fostering this growth in public listings.
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