Gemini Follows Coinbase’s Path With Nasdaq IPO Filing
Gemini has officially filed for its IPO, a step that could bring the decade-old platform to Nasdaq under the ticker symbol GEMI.
In brief
- Gemini filed for its IPO, offering 16.7 million shares at a price range of $17-$19, with Nasdaq listing planned under ticker GEMI.
- Goldman Sachs, Citigroup, and Morgan Stanley are leading the underwriting, signaling strong Wall Street backing.
- If approved, Gemini will join Coinbase as one of the few U.S.-listed crypto exchanges, boosting visibility with traditional investors.
The details of the Gemini filing
According to a filing with the U.S. Securities and Exchange Commission, Gemini Space Station, Inc. plans to sell 16.7 million shares of Class A common stock, priced between $17 and $19 per share. The IPO also includes a 30-day option for underwriters to purchase up to 2.5 million additional shares to cover potential over-allotments.
A Nasdaq debut in the making
If approved, Gemini’s listing would put the company among a small group of U.S.-listed crypto exchanges, a move that could bolster investor confidence and expand the firm’s visibility in traditional finance. The debut is being closely watched as a test of investor appetite for publicly listed crypto firms amid a volatile crypto market.
The IPO is being led by some of Wall Street’s biggest names, including Goldman Sachs and Citigroup, with Morgan Stanley, Cantor Fitzgerald, and other major banks acting as bookrunners.
Why this matters
Gemini’s IPO could signal renewed momentum for crypto firms seeking legitimacy through public markets. Following Coinbase’s high-profile listing in 2021, Gemini’s Nasdaq debut would be another major bridge between the crypto sector and institutional investors. The offering also comes at a time when regulatory scrutiny remains high, underscoring the strategic significance of going public.
With its IPO, Gemini aims not only to raise capital but also to cement its role as a long-term player in the competitive exchange landscape.
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I've been passionate about crypto for nearly a decade, ever since I was young and first became curious about investing. That early spark led me to years of research, writing, and exploring the future of decentralized tech.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.