Crypto Exchange Gemini has filed an updated registration declaration for his first public supply effort, sharing some additional details in his thrust to become a listed business.
Goldman Sachs (GS)Citigroup (C)Morgan Stanley (Ms) And Cantor acting as the main bookrunners on the IPO, Gemini said in a press release on Friday.
Evercore Isi, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, Needham & Company and Rosenblatt also act as books, said the company. The securities of the Academy and the Amerivet titles act as co-management.
The S-1 published Friday follows a confidential file subject to the American Securities and Exchange commission in June, and confirms “Gemini Space Station”, co-founded by Cameron and Tyler Winklevoss, intends to sell a non-disclosed number of class A shares.
The Gemini’s file said that it had generated a total turnover of $ 142.2 million in 2024, against $ 98.1 million the previous year. For the six months ending on June 30, 2025, total turnover was $ 68.6 million, compared to $ 74.3 million in the first six months of 2024.
Its net loss in 2024 amounted to $ 158.6 million, compared to $ 319.7 million in 2023. This figure was $ 282.5 million for the first six months of 2025.
Its profits before interest, taxes, depreciation and damping for 2024 were a loss of $ 13.2 million and a loss of $ 113.5 million for the first half of 2025.
Like other crypto companies, Gemini stressed the standard risks in the risk of deposit, including the general nature of blockchain networks and how banks and regulators see industry.
“The key factors influencing the subsequent development of blockchain networks and digital assets include the global adoption of digital assets and blockchain technology; regulatory and almost governmental restrictions on the access and operation of blockchain networks and the maintenance of open source protocols that support blockchain networks,” said the file.
Gemini is only the last Crypto company to try to become public this year, after Circle (CRCL)Etoro (Etor) and the parent company of Coindesk Haussiers (BLSH). Bitgo has also filed documents to become public.
Gemini plans to list its ordinary class A actions on the NASDAQ World SELECT market under the symbol of Ticker Gemi.
Find out more: Billionaire Winklevoss Backed Exchange Gemini Files With Second for the Planned Stock Exchange
