<\/p>\n
Gemini plans to raise up to $317 million in its upcoming U.S. IPO, aiming for a valuation of $2.22 billion, with shares at $17\u2013$19 each. <\/p>\n
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Gemini, the crypto exchange founded in 2014 by Winklevoss twins, is aiming for a valuation of up to $2.22 billion in its upcoming U.S. initial public offering, the company announced<\/a> Tuesday. The firm plans to sell 16.67 million shares at a price range of $17 to $19 per share, potentially raising as much as $317 million if the stock prices at the top of the range.<\/p>\n Gemini expects to list on the Nasdaq under the ticker symbol\u00a0GEMI, with\u00a0Goldman Sachs\u00a0and\u00a0Citigroup\u00a0serving as lead bookrunners for the deal. <\/p>\n The announcement comes as Gemini faces mounting losses. In its filing for the first half of 2025, the firm reported a net loss of $282.5 million on $68.6 million in revenue, compared with a $41.4 million loss on $74.3 million a year earlier. The IPO proceeds, intended for general operations and debt repayment, will be closely watched by investors as the company seeks to leverage its stablecoin offerings, including the Gemini Dollar (GUSD), and other crypto services to drive growth and improve profitability.<\/p>\n Gemini filed its S-1 registration statement with the U.S. Securities and Exchange Commission in June, joining an IPO market that has recently become more receptive to crypto-linked companies after years of regulatory hurdles. Upon completion of its offering, Gemini would become the third publicly traded digital asset exchange in the United States, following\u00a0Bullish\u00a0and\u00a0Coinbase.<\/p>\n <\/p>\n Gemini\u2019s IPO comes amid a rise in U.S. public offerings by crypto firms, fueled by strong market conditions and impressive first-day trading performances.\u00a0Circle Internet Group, issuer of USDC stablecoin, stands out as the most noteworthy recent example, with its shares surging over 120% on the first day of trading after raising $1.1 billion. <\/p>\n Similarly,\u00a0Bullish, the institutional-focused crypto exchange backed by Peter Thiel, saw its IPO gain more than 160% on debut<\/a>.<\/p>\n \u201cAfter Circle and Bullish\u2019s successful IPOs, alongside a strong overall market and higher crypto prices, it does feel like an opportune time for crypto-related companies to consider going public,\u201d said<\/a> Bo Pei, analyst at US Tiger Securities.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Gemini plans to raise up to $317 million in its upcoming U.S. IPO, aiming for a valuation of $2.22 billion, with shares at $17\u2013$19 each. Summary Gemini plans to sell…<\/p>\n","protected":false},"author":1,"featured_media":9649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9648"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9648\/revisions"}],"predecessor-version":[{"id":9650,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9648\/revisions\/9650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9649"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}