
Gemini Announces Goldman Sachs, Citi, Morgan Stanley, and Cantor as Lead Underwriters for Upcoming IPO
The crypto exchange Gemini has revealed key financial details and the major banks involved in its forthcoming IPO as it transitions to a publicly traded entity.
Crypto exchange Gemini has filed an updated registration statement for its IPO, revealing further details regarding its move to become a public company. Four prominent banks, Goldman Sachs, Citigroup, Morgan Stanley, and Cantor Fitzgerald, have been named as the lead underwriters for this initial public offering.\n\n### Key Information\n- Ticker Symbol: The company plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol GEMI.\n- Financial Performance: For the first half of 2025, Gemini reported a net revenue of $67.9 million, while facing a net loss of $282.5 million. In contrast, the total revenue for 2024 reached $142.2 million, a rise from $98.1 million in the previous year.\n\n#### Additional Underwriters\nAlongside the lead bookrunners, firms such as Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, Needham & Company, and Rosenblatt are also involved as bookrunners, with Academy Securities and AmeriVet Securities acting as co-managers.\n\nThe filing confirms plans regarding “Gemini Space Station,” where an unspecified number of Class A shares will be sold. Standard risks concerning the blockchain industry and the regulatory environment are noted within the filing as well.