Gemini Files for Nasdaq IPO, Eyes $2.2 Billion Valuation

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has formally filed for its initial public offering (IPO), positioning itself to join Nasdaq under the ticker symbol GEMI.

The move comes as the platform seeks both fresh capital and elevated legitimacy among traditional investors, following in the footsteps of Coinbase's high-profile listing.

The IPO filing with the SEC details plans to offer 16.7 million shares of Class A common stock, priced between $17 and $19 per share. If shares are sold at the upper range, Gemini could raise up to $317 million, targeting a total valuation of approximately $2.2 billion.

Major Wall Street institutions, including Goldman Sachs, Citigroup, Morgan Stanley, and Cantor Fitzgerald, are leading the underwriting—underscoring strong financial backing for the listing.

In addition, underwriters have a 30-day option to purchase up to an additional 2.5 million shares to cover over-allotments, offering extra flexibility and potentially boosting proceeds further. Funds raised are earmarked for general corporate use, including product development, administration, and capital expenditures.

If approved, Gemini’s Nasdaq debut would make it one of the few U.S.-listed pure crypto exchanges, broadening institutional visibility for the sector at a time when regulatory scrutiny remains intense and market volatility high.

With more than $18 billion in assets under management and $142 million in 2024 revenue, Gemini rounds out a year marked by a rebound in crypto markets, even as the company reported losses in the first half of 2025.

Gemini’s bid for public status reflects growing momentum among crypto firms seeking institutional trust through stock market listings.

Here at coinlive, we believe this listing, if successful, will further cement crypto’s presence in mainstream finance and could act as a catalyst for renewed innovation and compliance in the sector.

With investor interest rising and regulatory environments evolving, Gemini’s IPO marks another significant bridge between the digital asset world and Wall Street.

The offering also comes at a time when regulatory scrutiny remains high, underscoring the strategic significance of going public.