Gemini IPO Launch: Key Questions Answered

What is Gemini announcing?

Gemini is announcing the launch of its initial public offering of 16,666,667 shares of Class A common stock, with shares expected to be priced between $17.00 and $19.00 each.

How many shares are being offered in the IPO?

Gemini is offering 16,666,667 shares of Class A common stock, with underwriters having a 30-day option to purchase up to an additional 2,500,000 shares to cover over-allotments.

What is the expected price range for the shares?

The initial public offering price is currently expected to be between $17.00 and $19.00 per share of Class A common stock.

Where will Gemini’s stock be listed?

Gemini has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol ‘GEMI’.

Who are the lead underwriters for this offering?

Goldman Sachs & Co. LLC and Citigroup are acting as lead bookrunners, with Morgan Stanley and Cantor also serving as lead bookrunners.

Is the IPO guaranteed to happen?

No, the proposed offering is subject to market and other conditions, and there is no assurance as to whether or when the offering may be completed, or the actual size or terms.

Who founded Gemini and when was it established?

Gemini was founded by Cameron and Tyler Winklevoss in 2014 and operates as a global crypto platform serving individuals and institutions in over 60 countries.

What regulatory status does this offering currently have?

A registration statement has been filed with the SEC but has not yet become effective, meaning securities cannot be sold or offers accepted until the registration becomes effective.

What products and services does Gemini offer?

Gemini offers a wide range of crypto products and services built to be simple, reliable, and secure, designed to unlock financial, creative, and personal freedom.