Winklevoss' Gemini IPO Plans Progresses
🎧 Listen to AI Summary
From coindesk.com: Have you ever wondered how a crypto exchange could soar to a $2.22 billion valuation? Meet Gemini, the brainchild of the Winklevoss twins, Cameron and Tyler. As they gear up for a U.S. IPO, they plan to sell 16.67 million shares priced between $17 and $19, aiming to raise $317 million. This move comes at a time when the IPO market is buzzing with renewed interest in crypto, following years of regulatory hurdles. But it’s not all smooth sailing. While Gemini reported a revenue jump from $98.1 million to $142.2 million in 2024, it still lags behind industry giant Coinbase. The twins have positioned Gemini as a compliant alternative to offshore exchanges, appealing to cautious U.S. institutions. Yet, challenges loom, including a dispute with bankrupt Genesis that has caught regulators' attention. The stakes are high, and for investors, Gemini represents a promising opportunity in a rapidly evolving market. Learn more about this at coindesk.com.
Full Article
Read Original →Crypto Exchange Gemini Aims for $2.22B Valuation in U.S. IPO, Seeking to Raise $317MThe Winklevoss-led company plans to sell 16.67M shares at $17–$19 each, tapping a hot IPO market. Sep 2, 2025, 1:10 p.m. Crypto exchange Gemini said Tuesday it is seeking a valuation of up to $2.22 billion in its planned U.S. initial public offering, setting the stage for one of the highest-profile debuts in the sector this year.STORY CONTINUES BELOWThe New York-based firm, founded by Cameron and Tyler Winklevoss, plans to sell 16.67 million shares at a price range of $17 to $19, according to a press release. At the top of the range, Gemini would raise as much as $317 million. The company recently hired Goldman Sachs, Citigroup, Morgan Stanley and Cantor as lead bookrunners.Gemini first filed an S-1 registration statement with the U.S. Securities and Exchange Commission in June, entering an IPO market that has warmed to crypto-linked companies after years of regulatory roadblocks. The offering would put Gemini alongside crypto players that include stablecoin issuer Circle (CRCL), trading platform eToro (ETOR) and Bullish (BLSH), which have all tapped U.S. public markets recently.Financial disclosures in June showed that Gemini generated $142.2 million in revenue in 2024, up from $98.1 million the year prior. While still a fraction of Coinbase’s multi-billion-dollar top line, the growth suggests Gemini has benefitted 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. This has resonated at times with U.S. institutions wary of regulatory risk, but Gemini has also faced hurdles, including a dispute with bankrupt crypto lender Genesis that drew scrutiny from regulators.For investors, Gemini’s appeal rests partly on its role as a mid-sized exchange that could benefit if crypto adoption continues to expand in the U.S. The firm would trade under the ticker “GEMI.”AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.More For YouBNB Hovers Near $850 After Brief Rally Above $855 as Sellers Return31 minutes agoThe rebound from support was fueled by above-average activity and a clean break above nearby resistance could shift sentiment.What to know: BNB's price was little changed at $850 after dropping to around $840 and then rallying to $855.Buying interest emerged at the $840-$845 support zone.The rebound from support was fueled by above-average activity and a clean break above nearby resistance could shift sentiment.The token is now consolidating, with resistance near $855-$857, and a hold above current levels could set the stage for a test of higher levels.Read full story