Gemini, the US-based cryptocurrency exchange founded by twins Cameron and Tyler Winklevoss, is targeting a valuation of up to $2.22 billion as it prepares for its initial public offering (IPO).
Gemini Set To Join Ranks Of Public Crypto Exchanges
The exchange announced on Tuesday plans to offer 16.67 million shares priced between $17 and $19 each under the ticker name “GEMI”, with a potential total raise of approximately $317 million at the upper end of the pricing range.
This move comes at a time when crypto-related public offering activity in the US is witnessing a notable resurgence in the US. Companies like Circle (CRCL) and Bullish (BLSH) saw their shares rise significantly at the time of their respective debut.
Gemini’s listing would be a significant milestone, as it w