Billionaire winklevoss twins-backed crypto exchange gemini files with sec for planned IPO
Gemini Space Station Inc., the Cameron and Tyler Winklevoss’s Crypto Exchange and Custody Platform, has taken a significant step toward being a company that has been publicly exchanged.
The firm on Friday announced that it had submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission (SEC), signed its desire to pursue a preliminary public (IPO) of Class A Common Stock.
While the specific details around the size and appreciation of the offer remain unspecified, the positions of moving Gemini to a growing list of crypto companies-natives seeking a lump in traditional capital markets.
The Crypto Exchange takes the main steps to go public to the US, including Goldman Sachs and Citigroup’s rent As its financial counsel for the IPO. Gemini also arranged a $ 5 million lawsuit by the Commodity Futures Trading Commission, while the SEC ended its investigation into the exchange earlier this year.
The timing is aligned with the updated interest in digital IPO assets after Stablecoin Issuer Circle (CRCL) Started trading to the New York Stock Exchange (NYSE) this week. Circle shares moved forward on the first day of trading this Thursday, which closed $ 83 after going public to $ 31. The stock currently traded around $ 113, almost 264% higher than the IPO price.
Gemini’s offer, if completed, is to mark a major milestone not only for Gemini but for the ongoing search of the crypto industry for mainstream financial legitimacy.
The company noted that the IPO will continue after the SEC analysis and pending market conditions, every standard disclosure protocol.
Read more: Circle shares in Nyse Debut, signed a strong appetite for Stablecoin Issuers
