“The New Range Will Value the Winklevoss-Led Company at As High As Roughly $ 3.1 Billion Versus About $ 2.2 Billion at the Previous Price.”, – WRITE: www.coindesk.com
The FIRM NOW Expects to Sell 16.67 Million Shares Between $ 24 and $ 26 Each in The Public Offering Versus The Previous Range of $ 17- $ 19. At the High End of the New Range, Gemini Willd Raise More Than $ 430 Million at About A $ 3.1 Billion Valuation.
Goldman Sachs, Citigroup, Morgan Stanley and Cantor Are The Lead Underwriters on the IPO.
Crypto Native Companies Are IncreASINGLY LOOKING TO GO PUBLIC Under President Trump’s More Benign Regulatory Regime. Gemini’s Public Listing Follows that of Rival Exchange Bullish (Blsh), Coindesk’s Owner, and Stablecoin Issuer Circle (CRCL).
Exchange Giant Nasdaq (NDAQ) Has Enterned Into An Agreement to Buy $ 50 Million of Shares in A Private Placement at A Per Share Price Equal To The IPO Price.
The Stock Will List on the Nasdaq Global Select Market Under the Ticker Symbol Gemi.
Read More: Crypto Exchange Gemini Aims for $ 2.22b Valuation in US IPO, SEEKING TO RAISE $ 317M
Developed with Brale and Stably, Litusd Aims to Cut Costs, Improve Treasury Management and Potentilly Used For On-Chein Settlement of Mortgage Payments.
- Litfinancial Rolled Out ITS US dollar Stablecoin on the Ethereum Blockchain to Enhance Funding and Treasury Operations.
- Litusd is Backed 1: 1 with Cash Reserves and Aims to Revolutionize MORTGAGE FINANCE THROUGH BLOCKCHAIN TECHNOLOGY.
- Stablecoins are gaining traction with Projected Payment Volumes Reaching $ 1 Trillion by 2030, Boosted by US Regulations for the Sector.
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