Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has filed an S-1 for an initial public offering (IPO) with a 16.7 million share offering.
The firm is pricing shares between $17 and $19 each, aiming to raise up to around $317 million, targeting a valuation of up to $2.22 billion.
Gemini filed as an “emerging growth company” and said it intends to “take advantage of exemptions from various reporting requirements applicable to other public companies.”
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Those exemptions include reduced disclosure obligations regarding executive compensation and foregoing being subject to an audit from a registered accounting firm.
Shares will be listed on the Nasdaq under the ticker symbol GEMI. It comes at a time when crypto companies have seen immense interest during the public debuts on Wall Street, evidenced by massive day-one trading volumes.
