Gemini IPO Launch Seeks SEC Approval for Nasdaq Listing Under GEMI Symbol

Gemini, a cryptocurrency exchange founded by the Winklevoss twins, is planning to enter the US stock market with an IPO launch on the Nasdaq Global Select Market. The company will sell 16.6 million shares priced between $17 and $19 each, with Goldman Sachs and Citigroup leading the offering. SEC approval is required for the launch, which could become a strong signal for the crypto market and highlight Gemini's AI strategies.

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is planning to enter the US stock market with an IPO launch on the Nasdaq Global Select Market. The company will sell 16.6 million shares priced between $17 and $19 each, with Goldman Sachs and Citigroup leading the offering. SEC approval is required for the launch, which could become a strong signal for the crypto market and highlight Gemini's AI strategies.

Gemini filed its S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on Tuesday, aiming to raise up to $317 million. The company seeks a valuation of up to $2.22 billion, according to a Reuters report [2]. Gemini's IPO filing came months after the company filed a confidential draft registration statement about its IPO in June [1].

The New York-based platform plans to list on the Nasdaq stock exchange under the ticker symbol "GEMI". Leading the offering are investment giants Goldman Sachs and Citigroup, among others. The IPO market is back in action, with recent successful offerings from digital bank Chime Financial and space tech company Firefly Aerospace boosting confidence in new listings [3].

Gemini reported $142.2 million in revenue for 2024, up from $98.1 million the prior year, according to an SEC filing. The growth suggests Gemini has benefited from rising trading activity as bitcoin and other digital assets rallied. The IPO would mark a milestone for the Winklevoss twins, who launched Gemini in 2014 and have pitched it as a regulated and compliant alternative to offshore exchanges.

If successful, Gemini will become the third digital asset exchange publicly traded in the US, joining Coinbase and Bullish. The IPO could signal a growing mainstream acceptance of cryptocurrencies, following successful IPOs from other crypto firms and the approval of spot Bitcoin ETFs by US regulators last year.

References:

[1] https://cointelegraph.com/news/gemini-crypto-exchange-s1-ipo-nasdaq-2025?utm_campaign=rss_partner_inbound&utm_medium=rss&utm_source=rss_feed
[2] https://www.coindesk.com/markets/2025/09/02/gemini-aims-for-usd2-22b-valuation-in-u-s-ipo-seeks-to-raise-usd317m
[3] https://economictimes.indiatimes.com/news/international/us/gemini-ipo-winklevoss-twins-gemini-seeks-2-22-billion-valuation-in-ipo-aims-to-raise-317-million/articleshow/123662010.cms