Breaking: Gemini Files S-1 For US IPO Following Circle’s NYSE Debut

Crypto exchange Gemini has made another step towards its proposed US IPO, filing a draft S-1 with the US Securities and Exchange Commission (SEC). This Gemini IPO news comes just a day after another crypto firm, Circle, went public on the NYSE following a successful IPO, which raised over $1 billion for the USDC issuer.

Gemini IPO Takes Centre Stage With New S-1 Filing

In a press release, the crypto exchange announced that it has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission regarding the proposed initial public offering of its Class A common stock.

The platform noted that it has yet to determine the number of shares of Class A common stock it will offer or the price range for these shares. Meanwhile, the Gemini IPO could occur after the SEC completes its review process, subject to market and other conditions.

This filing comes just a day after the stablecoin firm Circle debuted on the New York Stock Exchange (NYSE). The USDC issuer raised over $1 billion from the IPO of its Class A common stock, highlighting the massive interest in crypto firms, even from Wall Street.

At press time, the exchange’s founders, Tyler and Cameron Winklevoss, have yet to comment on the proposed Gemini IPO. Meanwhile, it remains unknown how long the SEC will take to review the S-1 form for the proposed IPO.