Gemini, Crypto Exchange, run by Tyler and Cameron Winklevoss, has increased the price range for its scheduled Friday exchange listing, the company said in an updated S1 archiving on Tuesday.
The company now expects to sell 16.67 million shares between $ 24 and $ 26 each in the public offer against the previous range of $ 17- $ 19. At the high end of the new range Gemini would travel more than $ 430 million to approx. 3.1 billion dollars valuation.
Goldman Sachs, Citigroup, Morgan Stanley and Cantor are the leading insurance companies on the IPO.
Crypto native companies are increasingly looking to become public under President Trump’s more benign regulatory regime. Gemini’s public list follows it from rival exchange bullish (BLSH)Coindesk’s Owner and StableCOin Essuer Circle (CRCL).
Exchange Giant Nasdaq (Ndaq) has entered into an agreement to buy $ 50 million of shares in a private location for one per. Share price equivalent to the IPO price.
The stock shows on Nasdaq Global Select Market under Ticker Symbol Gemi.
Read more: Crypto Exchange Gemini is aiming for $ 2.22B value in American IPO and trying to collect $ 317m
