Gemini Files for IPO With Nasdaq Listing Under “GEMI”

Gemini Space Station, Inc., the crypto exchange founded by the Winklevoss twins, has formally launched plans for its initial public offering (IPO) in the United States.

The company filed with the U.S. Securities and Exchange Commission (SEC) to sell 16.67 million shares of Class A common stock, with pricing expected in the range of $17 to $19 per share.

Potential Over-Allotment Option

Alongside the IPO, Gemini and its selling stockholders will offer underwriters a 30-day option to purchase up to an additional 2.5 million shares combined in order to cover over-allotments. The final offering size and valuation will depend on market conditions.

Nasdaq Listing Planned

If successful, Gemini’s shares will trade on the Nasdaq Global Select Market under the ticker symbol “GEMI.” However, the offering remains subject to SEC approval and broader market dynamics, meaning there is no guarantee on timing or terms.

A consortium of major financial institutions is backing the IPO. Goldman Sachs and Citigroup are serving as lead bookrunners, joined by Morgan Stanley and Cantor in the same role. Additional bookrunners include Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, KBW, Needham & Company, and Rosenblatt. Academy Securities, AmeriVet Securities, and Roberts & Ryan will act as co-managers.

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Investor Access

The IPO will be offered only through the official prospectus. Preliminary copies can be requested from Goldman Sachs or Citigroup through their designated prospectus departments.

Regulatory Note

Gemini emphasized that its registration statement has been filed but is not yet effective. Until approval is granted, the securities cannot be sold, and no purchase offers will be accepted. The company also clarified that this announcement should not be considered an offer or solicitation to sell in jurisdictions where such actions are prohibited.