US EditionWinklevoss Twins' Gemini Heads To Nasdaq Amid $282 Million Loss, Joining Crypto's Public Market Surge - Bullish (NYSE:BLSH), Citigroup (NYSE:C)
Gemini seeks to raise funds via Nasdaq IPO with dual-class shares to maintain founder control while addressing $282.5 million losses in H1 2025, amid growing investor interest.
- Gemini Space Station Inc., established in 2014 by the Winklevoss twins, Tyler and Cameron, successfully launched its Nasdaq listing in 2025 under the ticker GEMI, marking a significant milestone in the cryptocurrency finance sector.
- The IPO filing came after the company experienced increasing financial losses, reporting a net deficit of $282.5 million against revenues of $68.6 million in the first half of 2025, during a period of enhanced regulatory clarity and more favorable investor confidence.
- Gemini runs a compliant cryptocurrency trading platform, offers asset safeguarding services, manages the Gemini Dollar stablecoin, supports more than 70 digital currencies worldwide, and intends to allocate IPO funds toward general corporate needs and debt reduction.
- Goldman Sachs, Citigroup, Morgan Stanley, and Cantor serve as lead bookrunners, and Gemini employs a dual-class share structure retaining Winklevoss twins’ voting control, reflecting strong institutional backing.
- Gemini’s debut on the Nasdaq highlights the growing development and legitimacy of the cryptocurrency sector, which may encourage greater institutional participation and facilitate broader adoption of blockchain technology and digital assets within mainstream financial markets.
25 Articles
25 Articles
Gemini Hires Goldmans (GS), Citi (C), Morgan Stanley (MS) and Cantor as Lead Bookrunners For its IPO
Crypto exchange Gemini filed an updated registration statement for its initial public offering effort, sharing a few more details in its push to become a publicly traded firm. Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and Cantor acting as lead bookrunners on the IPO, Gemini said in a press release Friday.Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, Needham & Company and Rosenblat…
Winklevoss Twins' Gemini Heads To Nasdaq Amid $282 Million Loss, Joining Crypto's Public Market Surge - Bullish (NYSE:BLSH), Citigroup (NYSE:C)
Gemini, the crypto exchange founded by the Winklevoss twins, has filed to list on Nasdaq despite a $282 million loss, aiming to join Coinbase and Bullish in the growing wave of public crypto firms.
Gemini Exchange Files S-1 for Proposed Nasdaq IPO Under Ticker ‘GEMI’ - Coin Surges
Gemini Space Station, Inc. (Gemini Exchange) filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) on August 15, 2025, for a proposed initial public offering (IPO) of its Class A common stock, with the number of shares and price range yet to be determined and subject to market conditions. […] Read Entire Article The post Gemini Exchange Files S-1 for Proposed Nasdaq IPO Under Ticker ‘GEMI’ appeared fir…
Gemini Exchange Files S-1 for Proposed Nasdaq IPO Under Ticker 'GEMI' – News Bytes Bitcoin News
Gemini Space Station, Inc. (Gemini Exchange) filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) on August 15, 2025, for a proposed initial public offering (IPO) of its Class A common stock, with the number of shares and price range yet to be determined and subject to market conditions. […]
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