Winklevoss Twins’ Gemini Files Confidentially for IPO
Gemini, backed by billionaire Winklevoss twins, has filed confidentially for an initial public offering, with Goldman Sachs and Citigroup on board, according to people familiar with the matter. The crypto exchange and custodian is working towards going public as soon as this year, pending the closing of a US Securities and Exchange Commission investigation into the exchange. Deliberations are ongoing, but no final decisions have been made on pursuing an IPO.
- This move could signal a new era for the cryptocurrency industry, where established players are embracing the spotlight, potentially paving the way for more traditional companies to enter the space.
- What role will institutional investors play in shaping Gemini's strategy and direction as it prepares for its public debut, and how might this impact the overall market?