Crypto Exchange Gemini filed an updated registration details for its initial public offering attempts, sharing some more details in its push to become a publicly trading firm.
Goldman Sachs (GS)Citragroup (C)Morgan Stanley (MS) And the canter starred as the lead books on the IPO, Mithun said In a press release on Friday.
The company said Evercore ISI, Mizuho, Trust Securities, Cohen and Company Capital Markets, Kef, Broaut & Woods, Needam & Co. and Roserbat are also working as bookrulers. Academy securities and americet securities are functioning as co-managers.
S-1 published on Friday The US Securities followed a confidential filing presented to the US Securities and Exchange Commission, and the cum-installation by Cameron and Tyler Winklevoss confirms the “Gemini Space Station”, which intends to sell an unknown number of class a shares.
Gemini’s filing indicated that it had generated a total revenue of $ 142.2 million in 2024, which was $ 98.1 million in the previous year. For six months ending on 30 June, 2025, the total revenue was $ 68.6 million, below $ 74.3 million in the first six months of 2024.
Its net loss in 2024 was $ 158.6 million, compared to $ 319.7 million in 2023. The figure was $ 282.5 million for the first six months of 2025.
It was a loss of $ 13.2 million before interest, taxes, depreciation and refinement for 2024 and a loss of $ 113.5 million for the first half of 2025.
Like other crypto firms, Mithun pointed to standard risks in the risk part of the filing, in which the general nature of the blockchain network and how to look at the bank and regulatory industry.
“Major factors affecting blockchain networks and further development of digital assets include diagram adoption of digital assets and blockchain technology; regulatory and semi-government restrictions on blockchain network’s access and operation; and maintenance of open source protocols supporting blockchain network,” said by filing.
Gemini is only the latest crypto company, which tries this year and runs publicly this year (CRCL)Atoro (Etor) And coindesk original company bullish (BLSH)Bitgo has also filed for public action to go publicly for paperwork.
Mithun has planned to list his class to his class -e -common stock on NASDAQ Global Select Market under Tikar Symbal Jamie.
Read more: Billionaire Vinklevos twin-supported exchange Gemini files with seconds for planned IPO
