Winklevoss-Backed Gemini Files Confidentially for U.S. IPO

In Brief:

Gemini has submitted a draft S-1 filing with the SEC to pursue a public listing.

The move follows regulatory settlements and rising interest in crypto firm IPOs.

Gemini Space Station Inc., the crypto exchange founded by Cameron and Tyler Winklevoss, has filed a confidential draft registration statement with the U.S. Securities and Exchange Commission (SEC), signaling plans for an initial public offering (IPO) of its Class A common stock.

While details such as the offering size and valuation remain undisclosed, the filing places Gemini among a growing group of crypto-native firms pursuing entry into traditional capital markets. The company has retained Goldman Sachs and Citigroup as its financial advisors for the IPO process.

The filing comes at a time of renewed momentum for crypto IPOs. Earlier this week, Circle, the issuer of stablecoin USDC, debuted on the NYSE and saw its stock surge 264% above its IPO price. Gemini’s entry could further fuel institutional interest in blockchain-focused equity plays.

Gemini has worked to clear regulatory hurdles ahead of the listing. The company recently resolved a $5 million lawsuit with the Commodity Futures Trading Commission (CFTC) and saw the SEC conclude its investigation without further action.

Pending SEC review and favorable market conditions, Gemini’s public offering could mark a pivotal moment for the broader crypto industry’s integration into mainstream finance.

‍