Gemini Space Station Inc, a global cryptocurrency platform, said on Friday it has filed for an initial public offering with U.S. regulators, marking another major crypto company’s push to go public.
The company filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed IPO of its Class A common stock, according to a statement. Gemini did not disclose the number of shares or price range for the offering.
The proposed listing is subject to market conditions and regulatory approval, with no guarantee of completion, the company said.
Gemini plans to list on the Nasdaq Global Select Market under the ticker symbol “GEMI” if the offering proceeds.
Goldman Sachs and Citigroup are serving as lead bookrunners for the deal, alongside Morgan Stanley and Cantor. Additional bookrunners include Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, and Keefe, Bruyette & Woods.
The cryptocurrency exchange was founded in 2014 by Cameron and Tyler Winklevoss, the twin brothers known for their early involvement in Facebook and Bitcoin investments. The platform serves customers in over 60 countries, offering crypto trading and custody services for both retail and institutional clients.
The filing comes as the crypto industry seeks greater legitimacy through traditional financial markets, despite ongoing regulatory scrutiny. The timing and terms of any potential offering will depend on market conditions and SEC review.
A preliminary prospectus will be available once the registration statement becomes effective, the company said. The securities cannot be sold until the SEC declares the registration statement effective.
Business News Asia
