Saturday, 16 August, 2025
Winklevoss-Founded Gemini Files for U.S. IPO Despite Widening Losses
Crypto exchange Gemini, founded by Tyler and Cameron Winklevoss, has filed publicly for an IPO—seeking a Nasdaq listing under the ticker GEMI—with Goldman Sachs and Citigroup as lead underwriters. The S-1 reveals financial strain: a $282.5 million net loss on $68.6 million revenue in H1 2025, compared to a $41.4 million loss on $74.3 million revenue a year prior. The IPO follows a revival in crypto public listings amid improving regulatory sentiment.
Read full story at TechCrunch