#Gemini #NASDAQ

🚀 Gemini Files for Nasdaq IPO Under Ticker GEMI 📈

Gemini, the crypto exchange founded by the Winklevoss twins, has filed with the SEC to list on Nasdaq, riding the wave of a strong Bullish debut. The S-1 reveals steep losses—$282.5M in H1 2025 on $67.9M revenue, compared to a $158.5M loss on $142.2M revenue in 2024. 💸

Despite the financial strain, Gemini’s move signals confidence in a crypto-friendly U.S. market under the Trump administration. With $161.9M in cash mid-2025, the exchange aims to capitalize on growing investor appetite. 🏦

Led by Goldman Sachs & others, the IPO will feature a dual-class share structure, with the Winklevoss twins retaining voting control. 🗳️ Gemini’s offerings include the GUSD stablecoin & crypto-rewards credit card.