🇺🇸 Gemini's new IPO is here
Recently, the American cryptocurrency exchange Gemini submitted an IPO application to Nasdaq, with the expected code GEMI. The lineup of underwriters is impressive, including Goldman Sachs, Citigroup, and Morgan Stanley.
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Core Highlights
1. AI-driven enthusiasm: As the market warms up, cryptocurrency-related companies are queuing up for an IPO, with Gemini becoming the latest after Coinbase and Bullish.
2. Financial pressure: In the first half of this year, Gemini had revenue, but losses widened to $280 million, mainly due to a significant increase in promotional expenses.
3. Frequent financing activities: The company also signed a $75 million credit line with Ripple, attempting to enhance liquidity.
4. Ongoing user disputes: Many users have complained in the community about slow withdrawals and poor customer service, hoping that regulation after the IPO will force improvements.
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What to think?
• Opportunities: Brand effect + market sentiment, may attract attention in the short term.
• Risks: Significant fundamental losses, user reputation needs repair.
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Friendly reminder
Market rhythms change rapidly; the above is for learning and record-keeping purposes only and does not constitute investment advice. Take a rational view and maintain independent thinking.
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