Gemini seeks to raise USD $ 317 million in his IPO in the US

By Hannah Pérez

The exchange of the Winklevos plans to market 16.7 million shares at a price of between 17 and 19 dollars each in its IPO, according to a regulatory document.

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• Gemini cryptocurrency exchange prepares for his stock debut.
• It seeks to raise USD $ 316.7 million at a price of USD $ 17 and USD $ 19 per share.
• It points to an assessment close to USD $ 2.2 billion.

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Geminithe cryptocurrency exchange founded in 2014 by the Cameron and Tyler Winklevos twins, presented on Tuesday the terms of its initial public offer (IPO), in which it seeks to raise up to USD $ 316.7 million, he reported Bloomberg.

The New York headquarters plans to offer 16.7 million shares at a price between USD $ 17 and USD $ 19 per title. In the upper range, the operation would grant to Gemini An assessment close to USD $ 2.2 billionaccording to the presentation before the US stock and values ​​commission. UU. (SEC).

The company expects to quote in Nasdaq under the Gemi symbol, with Goldman Sachs and Citigroup as placing banks.

Gemini offers cryptocurrency exchange services, custody, Stakinga Stablecoin backed in dollars called Gusd and a credit card with crypto rewards. As of June 2025, the platform managed more than USD $ 18,000 million in assets. However, its finances reflect a challenging scenario: in the first semester a net loss of USD $ 282.5 million on revenues of USD 68.6 million, compared to a USD $ 41.4 million in the same period of 2024.

The political context has also marked its strategy. The Winklevos brothers donated USD $ 21 million in Bitcoin To a favorable political action committee to Donald Trump, in line with the digital pro-active agenda of the current administration.

The company faces its stock debut in the middle of a wave of listings of cryptocurrency companies: Circle He lifted USD $ 1.2 billion in a successful IPO in June and Bullish He raised USD $ 1.1 billion to go to the US stock market. In August. Other companies crypt like Grayscale, Bitgo and Kraken They are also in the race for a public departure in the country.

In mid -August, Gemini He had already registered his S-1 before the SEC, a document in which he revealed a line of credit with Ripple up to USD $ 150 million, aimed at reinforcing its liquidity at this stage, as reported then Diariobitcoin.

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