A crypto exchange platform supported by the billionaire Winklevoss Twins has submitted a confidential application for a first public offer (IPO) with the US Securities and Exchange Commission (SEC).
In a press release, Gemini announces that it has sent a confidential draft registration statement to the regulatory authority with regard to the public offer of its shares.
Although the price and the number of shares still have to be determined, the company says it expects a list “after the SEC has completed the assessment process, subject to market and other conditions.”
By submitting confidential, Gemini can keep some of his crucial financial data private and at the same time test the public demand for his shares. Confidential submission also enables companies to prevent potential early market reactions or strategies of competitors to hinder them.
In March it was reported that Gemini collaborated with investment bank giants Goldman Sachs and Citigroup to go to public if IPO is usually endorsed by investment banks, which also arrange that the shares are stated on stock exchanges.
Earlier this week, Stablecoin Emittent Circle – who announced his plans for the first time to go to public in 2021 in 2021 – saw his shares shot up as a listed company on his first day.
In a recent Thread, pseudonymous analyst Pentoshi tells his 866,200 followers on the social media platform X that can cause crypto-related companies that go publicly a new bubble in the industry.
“It seems that all the money will be earned with crypto companies that do IPOs with wild ratings. Deeper bags, more liquidity, higher ratings. Another bubble is brewing, another bubble to chase.”
Follow us on X, Facebook and Telegram
Don’t miss a beat – Subscribe to get e -mail notifications directly to your inbox
Check price promotion
Surf the Daily Hodl -Mix
Generated image: midjourney