Simply put
- Gemini is set to secure up to $317 million in its IPO, aiming for a valuation around $2.3 billion, with shares expected to trade between $17 and $19 under the ticker Gemi.
- This move comes on the heels of successful listings from Circle and Bullish.
- Co-founders Cameron and Tyler Winklevoss maintain close ties to President Trump, using these connections as Gemini emerges as a leading crypto exchange in the U.S.
Gemini announced on Tuesday its plans to raise as much as $317 million in its upcoming public offering.
The crypto exchange, co-founded by the Winklevoss twins, highlights an initial stock price range of $17 to $19 per share. The IPO will involve roughly 16.6 million Class A shares.
While the exact date for its Wall Street debut under the ticker Jemi hasn’t been set, today’s news suggests it could happen soon.
Goldman Sachs, Citigroup, Morgan Stanley, and Cantor Fitzgerald will handle the offering as lead underwriters.
Gemini previously filed with the SEC for an IPO earlier this summer, following strong market interest, particularly after the IPO by a stablecoin issuer.
With renewed enthusiasm for the crypto sector influenced by regulatory changes during the Trump administration, Circle’s stock price quadrupled shortly after its debut and has remained relatively stable.
Last month, Bullish also performed well, tripling its target stock price during its initial trading day, driving its valuation beyond $12 billion.
Gemini aims to leverage what seems to be a positive reception from Wall Street for crypto companies. Besides being a significant player in the U.S. crypto scene, Gemini is noted for its close relationship with President Trump and the White House.
The Winklevoss twins are among the few crypto leaders engaging with President Trump as he prepares for the 2024 election. Shortly after his presidency began, the SEC stalled a long-standing lawsuit against Gemini related to its crypto loan program.
Recently, the Winklevosses established a $21 million pro-crypto PAC intended to counter Democratic efforts in the upcoming midterm elections in 2026. They’ve also been prominently featured in this year’s White House crypto events, like the Crypto Summit.
Trump remarked, “These are two clever, handsome guys,” referring to the twins at a signing ceremony for the Genius Act. “They got the look, they got the genius, they got a lot of cash. It’s great that you’re by our side.”
