Curated News
By: NewsRamp Editorial Staff
September 02, 2025
Gemini Crypto Exchange Launches Landmark $300M+ IPO on Nasdaq
TLDR
- Gemini's IPO offers early investors potential gains from the crypto platform's expansion and Nasdaq listing at $17-19 per share.
- Gemini is issuing 16.67 million Class A shares via SEC Form S-1 with underwriter options and Goldman Sachs as lead bookrunner.
- Gemini's public offering advances financial inclusion by expanding access to crypto services across over 60 countries globally.
- The Winklevoss twins' crypto exchange Gemini plans Nasdaq debut under ticker GEMI with major banks managing the offering.
Impact - Why it Matters
This IPO represents a watershed moment for cryptocurrency adoption, signaling mainstream financial market acceptance of digital assets. For investors, it provides unprecedented access to cryptocurrency exchange revenue streams through traditional stock markets, potentially opening new diversification opportunities. The successful public offering could pave the way for other crypto companies to follow, accelerating institutional adoption and potentially stabilizing the volatile crypto market through increased regulatory oversight and transparency.
Summary
Gemini Space Station, Inc., a global crypto platform founded by the Winklevoss twins in 2014, has announced the launch of its highly anticipated initial public offering. The company plans to offer 16,666,667 shares of Class A common stock at an expected price range of $17.00 to $19.00 per share, potentially raising over $300 million. This landmark move represents one of the first major cryptocurrency exchanges to go public, with shares expected to trade on the Nasdaq Global Select Market under the ticker symbol "GEMI."
The IPO is being managed by a prestigious consortium of investment banks, with Goldman Sachs & Co. LLC and Citigroup serving as lead bookrunners alongside Morgan Stanley and Cantor. Additional support comes from Evercore ISI, Mizuho, Truist Securities, and several other financial institutions acting as bookrunners and co-managers. The offering includes provisions for underwriters to purchase additional shares to cover potential over-allotments, demonstrating strong institutional interest in this groundbreaking public offering that was first reported by citybiz.
Gemini's transition to a publicly traded company marks a significant milestone for the cryptocurrency industry, which has been seeking greater mainstream acceptance and regulatory clarity. The platform, which serves customers in over 60 countries with a wide range of crypto products and services, aims to use the capital raised to expand its operations and further its mission of unlocking financial, creative, and personal freedom through blockchain technology.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Gemini Crypto Exchange Launches Landmark $300M+ IPO on Nasdaq
