Gemini rented Goldmans (GS), Citi (C), Morgan Stanley (MS) and Cantor as lead bookrunners for its IPO
Crypto Exchange Gemini has filed an updated registration statement for the initial public effort, sharing some more details on pushing it to become a public traded firm.
Goldman Sachs (GS)Citigroup (C)Morgan Stanley (Ms) and cantor acting as lead bookrunners in Ipo, Gemini said On a press release Friday.
Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, Needham & Company and Rosenblatt are also acting as bookrunners, the company said. Academy and Amerivet Securities security acts as co-managers.
The S-1 published Friday following a confidential filing submitted to the US Securities and Exchange Commission Back in Juneand confirms “Gemini Space Station,” founded by Cameron and Tyler Winklevoss, planning to sell an unspecified number of Class A. shares A.
Gemini’s filing indicates that it generated a total of $ 142.2 million in 2024, from $ 98.1 million last year. For six months ending on June 30, 2025, the total revenue was $ 68.6 million, down from $ 74.3 million in the first six months of 2024.
The loss of its net in 2024 stood at $ 158.6 million, compared to $ 319.7 million in 2023. That figure raised $ 282.5 million for the first six months of 2025.
Its earnings before interest, taxes, losses and support for 2024 have stood for $ 13.2 million, and a loss of $ 113.5 million for the first half of 2025.
Like other crypto companies, Gemini has taught common risks at the file risk, including the general characteristics of blockchain networks and how banks and regulators view the industry.
“The main factors that influence further development of blockchain networks and digital assets include global adoption of digital assets and blockchain technologies; regulation and quasi-government restrictions on accessing and operating blockchain networks; of filing.
Gemini is just the latest crypto company to try and go public this year, following Circle (CRCL), Ethoro (Come) and CoinDesk Parent Company Bullish (Blsh). BitGo filed for the paperwork to go public as well.
Gemini plans to list Class A Common Stock at the NASDAQ Global Select Market under Ticker Symbol Gemi.
Read more: Billionaire winklevoss twins-backed exchange gemini file with sec for planned IPO
