Gemini space stops with Crypto Exchange and Custodians founded by Cameron and Tyler Winklevoss are uses gemi’s NASDAQ Global Select with US Securities and Exchange Commission Class A common stock is listed on Market.
Founded in 2014, Gemini operates the US dollar support Gemini Dollar (GUSD) STABLECOIN and Crypto-Rewards credit cards, including regulated encryption, custody service, and various blockchain-based products, the platform said on Friday.
According to the submission, the IPO will display the first time that the price is expected to be traded for the first time. This product will be led by syndicates of major banks, including Goldman Sachs, Morgan Stanley, and Citigroup.
Postpost, Gemini will have a double -class stock structure, including Class B stocks with one stock A and 10 votes with 1 votes per week. The Winklevoss twins maintain all class B stocks and qualify as a “controlled company” according to multiple voting control and NASDAQ rules.
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Twin seats are expanding losses
Despite the optimistic frame, S-1 shows that net losses are expanding. In 2024, Gemini generated $ 142.2 million in sales of $ 145 million in net losses. The deficit was already intensified in 2025, and the first half of 2025 losses were $ 225 million in sales of $ 69 million.
The company’s liquidity is also strengthened. Cash and cash equivalents amounted to $ 341.5 million at the end of 2024, but fell to $ 169 million by mid -2012, reflecting the tension of continuous loss and operating costs.
In particular, Cameron and Tyler Winklevoss supported Trump’s re -bidding and supported the encryption -oriented political action committee.
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The Trump era improves the optimism of the encryption market.
Gemini’s movement occurs in a changing regulatory environment. As the Trump administration adopts more creepto positions, the US digital asset company is looking for new appetite in the capital market.
In June, the STABLECOIN issuer CIRCLE Internet Group held a blockbuster IPO to raise $ 1.1 billion and finished 167%more than $ 31 on the first day.
As reported, Crypto Exchange Rollish also made a strong public market debut, and the first day’s share price surged 83.8% for $ 68, providing a market cap of more than $ 10 billion to the company. The stock was opened for $ 90 and hit $ 118.
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