Gemini’s November 2021 fundraise of $400 million valued the exchange at $7.1 billion, though it has had challenges since.
Cryptocurrency exchange Gemini has filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC), according to a June 6 press release.
Gemini filed a confidential draft registration statement on SEC Form S-1, which allows a company to file for IPO before publicly disclosing sensitive information. The filing comes amid renewed investor confidence as uncertainty due to trade wars has waned.
The number of shares to be offered and the price range per share have not been determined. No date was mentioned for when the IPO might occur.
