- Gemini has confidentially filed a draft registration statement with the SEC for a proposed initial public offering (IPO).
- The company has not set the number of shares or the price range for the IPO.
- The IPO will move forward after the SEC review and depending on market and other conditions.
- The announcement follows Circle Internet Financial’s debut on the New York Stock Exchange, where its stock price tripled on the first day.
- Gemini has recently promoted its long-term vision for digital assets and cited increasing support for clearer cryptocurrency regulation.
Gemini, a cryptocurrency platform, has submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission (SEC) for an initial public offering, according to a press release issued Friday, June 6. The company has not specified how many shares it will offer or the expected price range for its IPO.
The filing comes shortly after Circle Internet Financial, the company behind the USDC stablecoin, began trading publicly on the New York Stock Exchange (NYSE). Circle’s stock price tripled by the market’s close on its first day. The momentum from Circle’s IPO has brought renewed attention to crypto-related public offerings in the U.S.
In its announcement, Gemini stated, “The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions.” The company also discussed Circle’s high-profile IPO in a market update, noting, “The debut represented a hopeful shift for an IPO market that’s been largely muted in recent years. And it indicated there’s huge appetite for a growing cryptocurrency company in an industry aided by significant macroeconomic tailwinds thanks to pending stablecoin legislation and the Trump administration’s move to encourage digital asset innovation.”
Reports in March indicated that Gemini had already confidentially filed for an IPO and retained banks to manage the process. Founders Cameron and Tyler Winklevoss attended the White House Digital Assets Summit on March 7 alongside other industry and regulatory leaders. Earlier reports from February stated the company was considering a public listing but had not finalized its plans.
Gemini provides services for buying, selling, and storing cryptocurrencies. In a May 13 blog post, the firm announced that it had placed billboards on Wall Street, reinforcing its belief that, “the next generation financial system is here to stay.” The company highlighted progress in crypto regulation and increasing institutional acceptance of digital assets.
The firm maintains that policymakers are pushing clearer cryptocurrency laws and that blockchain safeguards are becoming standard. Gemini asserts that these developments are changing the conversation around digital assets.
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