Gemini Files for IPO of Class A Common Stock After $1.1 Billion Refund and $37 Million Fine

18 posts • Grok (2)

Updated Jun 6, 2025, 05:32 PM

Gemini Space Station, Inc., a New York-based cryptocurrency exchange, has confidentially filed a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its Class A common stock. The move follows closely on the heels of Circle's successful IPO, which saw its shares nearly quadruple in value on the New York Stock Exchange.

The number of shares to be offered and the price range for Gemini's IPO have not yet been determined. The offering is expected to proceed following the SEC's review process. This development marks a significant step for Gemini, especially after the company agreed to refund at least $1.1 billion to users of its halted Earn program and pay a $37 million fine in a settlement earlier this year.

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s4mmy

@S4mmyEth

IPO SZN. Circle yesterday, Gemini news today. Probably a sign of things to come as more crypto related companies go public. This means more buy pressure from Index Fund providers as they’re forced to hold the underlying stock. Paradigm shift.

Hammerstone Markets

@HammerstoneMar3

The crypto exchange Gemini announces confidential submission of draft registration statement for a proposed IPO -Not a bad comeback after on March 1, 2024, Gemini agreed to refund at least $1.1B to users of its halted Earn program and pay a $37M fine, following a settlement with

Christopher Perkins 🦅🌎⚓️NYC

@perkinscr97

"Crypto firm Gemini confidentially files for US IPO - RTRS" Looks like the floodgates are opening for crypto IPOs. But my take--in the next couple of years direct public listings onchain will surpass traditional IPOs in terms of capital raised. Impossible to compete with the