Gemini Exchange Files for IPO, Aims to Raise Up to $317 Million with 16.7M Shares on Nasdaq

Gemini, a crypto exchange founded by the Winklevoss twins, has filed for an IPO to raise up to $317 million by selling 16.67 million shares priced between $17 and $19 per share. The company is seeking a valuation of up to $2.22 billion and has appointed Goldman Sachs, Citigroup, Morgan Stanley, and Cantor as lead bookrunners. Gemini has filed as an emerging growth company, which allows it to rely on reduced reporting requirements.