Crypto platform Gemini has launched its initial public offering, aiming to list on Nasdaq under the ticker “GEMI.” The exchange plans to sell 16.7 million shares at a price range of $17 to $19.
Gemini Launches IPO With 16.7 Million Share Offering
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Crypto Exchange Gemini Aims for Nasdaq Debut With Public Listing
Gemini Space Station, Inc. has announced the launch of its initial public offering (IPO), marking a major milestone for the decade-old exchange.
The company plans to sell 16,666,667 shares of Class A common stock with an expected price range of $17 to $19 per share, according to a filing with the U.S. Securities and Exchange Commission (SEC). Underwriters will also have a 30-day option to purchase up to 2,500,000 additional shares to cover over-allotments.
Gemini has applied to list on the Nasdaq Global Select Market under the ticker “GEMI.” If successful, the move would place Gemini among a small group of U.S.-listed crypto exchanges, providing greater visibility with investors and traditional finance markets.
The IPO is being led by Goldman Sachs and Citigroup, with Morgan Stanley, Cantor, and several other major banks acting as bookrunners.
