- The company submitted a draft registration statement for an IPO of its Class A common stock.
- Gemini’s IPO filing reflects a broader trend of crypto firms pursuing stock market listings amid renewed investor interest in the sector.
Gemini, the digital asset exchange founded by Cameron and Tyler Winklevoss, is aiming to make its mark on Wall Street. The firm has confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC), signaling its intent to go public amid growing momentum in crypto-related initial public offerings.
According to Coindesk, Gemini submitted a draft registration statement with the SEC for an IPO of its Class A common stock, though the company has yet to disclose details such as offering size or valuation.
This move aligns Gemini with a string of crypto-native firms seizing renewed investor appetite, particularly after stablecoin issuer Circle launched its stock market debut with notable success. Circle’s shares surged over 160% in their first two trading days on the New York Stock Exchange, a development that has not gone unnoticed in the digital asset space.
See Related: Binance U.S. On Route For An IPO
Capital Markets Show New Appetite For Crypto
To prepare for its IPO, Gemini has enlisted Goldman Sachs and Citigroup as financial advisors. The company recently closed a regulatory chapter by settling a $5 million case with the Commodity Futures Trading Commission (CFTC), while the SEC concluded a separate investigation earlier this year.
Gemini noted that its listing will proceed following SEC review and will depend on prevailing market conditions.
The IPO window appears to be reopening for companies in fintech and digital assets, especially as institutional money flows into the sector. The recent approval of spot bitcoin exchange-traded funds in the U.S. has helped boost confidence and liquidity, with the total cryptocurrency market now valued around $3.3 trillion. Bitcoin itself recently crossed the $100,000 mark, further energizing the sector.
Gemini’s IPO ambitions mark a new chapter not just for the company but for the crypto industry’s gradual integration into traditional finance. With the inclusion of Coinbase in the S&P 500 last month and the arrival of spot bitcoin ETFs, the sector drawing renewed investor attention.
