Gemini follows Coinbase's path with IPO filing on Nasdaq
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Gemini has officially filed for its IPO, a step that could take the decade-old platform to Nasdaq under the ticker symbol GEMI.
In summary
Gemini filed for its IPO, offering 16.7 million shares at a price range of $17 to $19, with the Nasdaq listing planned under the symbol GEMI.
Goldman Sachs, Citigroup, and Morgan Stanley are leading the underwriting, signaling strong support from Wall Street.
If approved, Gemini will join Coinbase as one of the few cryptocurrency exchanges listed in the U.S., increasing visibility to traditional investors.
Details of the Gemini filing
According to a document filed with the U.S. Securities and Exchange Commission, Gemini Space Station, Inc. plans to sell 16.7 million Class A common shares, priced between $17 and $19 per share. The IPO also includes a 30-day option for underwriters to purchase up to 2.5 million additional shares to cover potential over-allotments.
An upcoming Nasdaq debut
If approved, Gemini's listing would place it among a small group of cryptocurrency exchanges listed in the U.S., a move that could bolster investor confidence and broaden the firm's visibility in traditional finance. The debut is being closely watched as a test of investor appetite for public crypto companies in a volatile market.
The IPO is being led by some of the biggest names on Wall Street, including Goldman Sachs and Citigroup, with Morgan Stanley, Cantor Fitzgerald, and other major banks acting as lead underwriters.
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