Gemini Files Confidentially With SEC for Planned IPO of Class A Stock
Gemini Space Station Inc., founded by Cameron and Tyler Winklevoss, has submitted a confidential draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its Class A common stock.
Key points:
- Details regarding the size and valuation of the IPO are not disclosed.
- Gemini is among several crypto firms aiming to enter traditional capital markets.
- The company has hired Goldman Sachs and Citigroup as financial advisors.
- Gemini resolved a $5 million lawsuit from the Commodity Futures Trading Commission.
- The SEC ended its investigation into Gemini earlier this year.
- This move coincides with renewed interest in digital asset IPOs following Circle's recent trading debut on the NYSE, where shares surged 264% from the IPO price.
Gemini's IPO will proceed after SEC review and depending on market conditions.