Crypto Exchange Gemini filed an updated registration statement for its original public offer effort and shared a few more details in his push to become a listed company.
Goldman Sachs (GS)Citigroup (C)Morgan Stanley (Ms) And Cantor, who acts as a lead bookrunners on the IPO, Gemini said in a press release Friday.
Evercore Isi, Mizuho, Truists Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, Needham & Company and Rosenblatt also act as BookRunners, says the company. Academy Securities and Amerivet Securities act as co-leaders.
S-1, published on Friday, follows a confidential filing submitted to the US Securities and Exchange Commission back in June, confirming “Gemini Space Station”, founded by Cameron and Tyler Winklevoss, intends to sell a non-public number of shares in Class A.
Gemini’s filing indicated that it had generated a total turnover of $ 142.2 million by 2024, up from $ 98.1 million the year before. In the six months ended on June 30, 2025, total revenue was $ 68.6 million down from $ 74.3 million in the first six months of 2024.
Its net loss by 2024 amounted to $ 158.6 million compared to $ 319.7 million by 2023. This figure amounted to $ 282.5 million in the first six months of 2025.
Its earnings before interest, taxes, depreciation and amortization for 2024 amounted to a loss of $ 13.2 million and a loss of $ 113.5 million for the first half of 2025.
Like other crypto companies, Gemini pointed to standard risks at the risk of filing, including the general nature of blockchain networks and how banks and regulators see the industry.
“Key factors affecting the further development of blockchain networks and digital assets include global adoption of digital assets and blockchain technology; regulatory and quasi government restrictions on access to and operating blockchain networks; and maintenance of open source protocols supporting the blockchain network,”
Gemini is only the latest Crypto company trying to get public this year, after Circle (CRCL)Etoro (Etor) and the Coindesk -Moder company Bullish (BLSH). Bitgo has also requested paperwork to become public.
Gemini plans to list his Class a Common Stock on Nasdaq Global Select Market under Ticker Symbol Gemi.
Read more: Billionaire Winklevoss Twins-supported Exchange Gemini Files With SEC for Scheduled IPO
