Gemini Plans to Go Public via Nasdaq as Crypto IPOs Boom
Gemini, a cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has submitted a filing with the SEC for an initial public offering (IPO) aimed at listing on the Nasdaq under the ticker GEMI. The filing comes shortly after Circle’s successful IPO, which saw its shares soar initially. Specific details regarding the number of shares and pricing for Gemini's offering have yet to be disclosed, as well as a definitive timeline for the IPO. Goldman Sachs, Citigroup, Morgan Stanley, and Cantor are set to lead the offering, with other firms assisting. The continued interest in cryptocurrency IPOs is highlighted by Bullish, another exchange, which saw its shares more than triple their offering price on debut, indicating a robust appetite for this sector. Regulatory conditions have improved under the new administration, easing pathways for crypto firms to enter public markets.
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