Major Crypto Exchange Files for Public Offering

Crypto platform Gemini Space Station, Inc. revealed on Tuesday its launch of an initial public offering (IPO) for 16,666,667 shares of Class A common stock in the United States.

Pricing and Financial Targets

The IPO price is projected to range between $17 and $19 per share, with the company aiming to raise approximately $317 million. Underwriters have the option to purchase an additional 2,396,348 shares from Gemini and 103,652 shares from selling stockholders.

Market Listing Details

Gemini will be traded on the Nasdaq Global Select Market under the symbol GEMI, marking a significant milestone for the crypto industry.