Gemini Heads for Wall Street: IPO to Make It Third Public Crypto Exchange

The Winklevoss twins-run exchange is next in line for a public debut on a stock ￰0￱ and Bullish have already taken the leap, and have raised a few eyebrows. What’s next for Gemini? Proceedings Underway Shared via a press release , Gemini Space Station, Inc., the parent company of the exchange, announced earlier this week that it has begun the initial public offering (IPO) process, with the offer of over 16.6 million shares of class A common ￰1￱ follows the registration statement on the S-1 form filed with the Securities and Exchange Commission in the United ￰2￱ with the offer, Gemini and the shareholders who will be selling their stock plan to provide underwriters (a financial institution/professional that assesses and assumes the risk of a potential loan) with an option of purchasing additional shares for a period of one ￰3￱ amounts are 2,396,348 and 103,652 shares of class A common stock, respectively, which will be used to cover over-allotments (an option allowing underwriters to sell up to 15% more shares than initially planned).

The IPO price for the stock is currently set at a range between $17 and $19, depending on the economic climate and other conditions. Additionally, the announcement reads that there is no guarantee as to when and if the offering will be completed, or the actual size of ￰4￱ has applied for a listing on the NASDAQ index with the ticker “GEMI.” Leading bookrunners (underwriters) are financial giants Goldman Sachs, Citigroup, and Morgan ￰5￱ We See Another Stellar Performance? Recall Coinbase in 2021, which went straight for a direct listing on the NASDAQ, rather than the usual ￰6￱ the listing, the reference price per share was $250, and at the end of the first trading day, it closed at $328.28, a 31% ￰7￱ this week, COIN traded at arond $303, which represents a minor decline over the past few years.) last month, also saw an impressive debut after its IPO, which raised $1.1 billion, making its initial valuation $5.4B, with the share value being $37.

Its first trading day went well, with the shares opening at $90 and reaching peaks of $118, representing increases of 143% and 218%, respectively, before finishing the day at $68. At print time, the stock price is holding steady at around $62.