Gemini, the cryptocurrency exchange, announced its intention to pursue a valuation of up to $2.22 billion through its upcoming U.S. Initial Public Offering (IPO), which is poised to be among the most prominent debuts in the industry this year.

Key Points:

• Gemini aspires to raise $317 million by offering 16.67 million shares within a price range of $17 to $19 each.
• Major investment banks, including Goldman Sachs, Citigroup, Morgan Stanley, and Cantor, are acting as lead underwriters for this IPO.
• The exchange generated $142.2 million in revenue in 2024, up from $98.1 million in 2023, as revealed in its SEC filing.

The New York-based firm, launched by Cameron and Tyler Winklevoss, aims to be a regulated alternative to offshore exchanges, appealing to U.S. institutions that are cautious about regulatory issues. The IPO is expected to invigorate Gemini’s role in the industry’s growth as adoption of cryptocurrency expands in the U.S.

The company, which will trade under the ticker GEMI, seeks to capitalize on the noticeably revitalized IPO market for cryptocurrency-related entities.