just now
Gemini, the crypto platform founded by Cameron and Tyler Winklevoss, has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission, signalling a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range have not yet been determined.
The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Gemini intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “GEMI.”
Goldman Sachs & Co. LLC and Citigroup are acting as Lead Bookrunners. Morgan Stanley and Cantor are also acting as Lead Bookrunners. Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, Needham & Company and Rosenblatt are acting as Bookrunners. Academy Securities and AmeriVet Securities are acting as Co-Managers.
This public filing follows an earlier confidential submission and comes amid a broader resurgence in digital-asset IPO activity. Stablecoin issuer Circle and crypto exchange Bullish both saw successful market debuts, while Gemini would become the third U.S. crypto exchange to list publicly—following in the footsteps of Coinbase and Bullish.
Gemini supports more than 70 cryptocurrencies, operates in over 60 countries and issues its own stablecoin, the Gemini Dollar (GUSD). Market observers suggest its competitive positioning will hinge on its ability to differentiate from rivals in areas such as trust, growth, custody services and innovation.
