Billionaire Winklevoss Twins-Backed Exchange Gemini Files with Sec for Planned IPO

The FIRM ANNUNCED FRIDAY THAT IT HAS CONFIDENTILY SUBMITTED A DRAFTAFT STATEMENT ON FORM S-1ing WITH The USE SECURITIES AND EXCHANGE Commission (SEC) Class A Common Stock.

While Specific Details Around the Size and Valuation of the Offering Remain undisclosyd, The Move Positions Gemini Among A Growing List of Crypto-Nating Firms Seeking A Foot.

The Crypto Exchange Has Been Taking Major Steps to Go Public in The Us, Including Hiring Goldman Sachs and Citigroup As Financial Advisors for the IPO. GEMINI HAD ALSO SETTLED A $ 5 MILLION LAWSUIT by the Commodity Futures Trading Commission, While the Sec Ended It Investigation Into the Exchange Earlier Itar.

The Timing Aligns with Renewed Interest in Digital Asset ipos After Stablecoin Issuer Circle (CRCL) Started Trading on the New York Stock Exchange (NYSE) TIS Week. Shares of Circle Surged in Its First Day of Trading Thursday, CLOSING AT $ 83 After Going Public At $ 31. The Stock Is Currently Trading AROUND $ 113, ALMOST 264% HIGHER THAN ITS IPO PRICE.

Gemini’s Offing, if Complified, Wound Mark A Majoor Milestone Not Just for Gemini But For the Crypto Industry’s Ongoing Quest for Mainstream Financial Legitimacy.

The Company Noted that Ipo Will Proceed After Sec Review and PENDING Market Conditions, Per Standard Disclosure Protocols.

Read More: Circle Shares Surge On NYSE DEBUT, Signalling Strong Appetite for Stablecoin Issuers