Gemini Sets IPO Price Range, Eyes Nasdaq Listing
Gemini plans to raise funds via IPO, offering 16.7M shares at $17–$19 each, aiming to list on Nasdaq as “GEMI.”
- Gemini to offer 16.7M Class A shares at $17–$19
- IPO listing planned under the Nasdaq symbol “GEMI”
- Goldman Sachs and Citigroup leading the offering
Crypto exchange Gemini has officially announced its intention to go public through an initial public offering (IPO). The company plans to offer 16,666,667 shares of its Class A common stock, pricing them between $17 and $19 each. This move is expected to generate significant capital as Gemini seeks to expand its presence in the increasingly competitive crypto market.
The IPO will be listed on the Nasdaq Stock Market under the ticker symbol “GEMI,” a step that marks a major milestone for the company founded by the Winklevoss twins.
Big-Name Banks Back Gemini’s Public Entry
To ensure a successful public debut, Gemini has enlisted several top-tier financial institutions. Goldman Sachs and Citigroup are leading the offering, while Morgan Stanley and Cantor Fitzgerald are also playing key roles.
This strong backing by well-established Wall Street firms not only boosts investor confidence but also underscores how traditional finance continues to deepen its relationship with the crypto sector.
What This Means for Crypto and Investors
Gemini’s IPO comes at a time when investor interest in crypto-related public companies remains strong despite market volatility. The firm’s decision to go public could signal renewed optimism and institutional confidence in the broader crypto ecosystem.
If the IPO is successful, it may open doors for other crypto companies considering similar moves, while also providing investors a new way to gain exposure to the digital asset industry through traditional markets.
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