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Gemini files confidential IPO draft as Circle’s shares register a new all-time high near $124


Gino Matos
для CryptoSlate
Gemini files confidential IPO draft as Circle’s shares register a new all-time high near $124

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Gemini confidentially filed a draft registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of Class A common stock, according to a June 6 statement

The exchange controlled by Cameron and Tyler Winklevoss stated that the share count and price range will be determined once regulators complete their review and market conditions permit a launch.

Reports from Feb. 7 indicated that Gemini had begun discussions with advisers about going public within this year.

Gemini must now respond to SEC comments, update financial statements, and set offer terms before marketing shares to investors. The SEC must declare the registration effective before sales can begin.

At the time, Bloomberg ETF analyst James Seyffart said a White House friendly toward digital assets could encourage more exchanges to tap US capital markets. 

Circle’s potential effect on crypto listings

The move positions Gemini to join a growing roster of digital asset companies pursuing US listings. Stablecoin issuer Circle debuted on the New York Stock Exchange (NYSE) on June 5, following an IPO with share prices initially set at $31.

The firm’s CRCL shares quickly surged to $103.75 within 30 minutes but decreased to close the first session at $83.23. However, the June 6 trading session saw the stock surge back to all-time highs and as of press time, CRCL was trading at $119.21 after hitting a peak of $123.52.

Market participants pointed to Circle’s performance as a catalyst for other private crypto firms. 

Blockworks co-founder Jason Yanowitz wrote that investment banks “are saying it’s go time,” while Moonrock Capital chief executive Simon Dedic said the debut shows public investors will pay for revenue-generating platforms. 

Bitwise senior investment strategist Juan Leon noted that Circle’s first-day return ranks among the top 10 US IPOs over the past year.

Notably, reports from March suggested that Kraken might be preparing for its initial public offering (IPO) next year, allegedly led by Goldman Sachs and JPMorgan.

Gemini’s filing arrives during the same week, suggesting how quickly executives are acting on favorable equity market conditions.

The post Gemini files confidential IPO draft as Circle’s shares register a new all-time high near $124 appeared first on CryptoSlate.

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Gemini files confidential IPO draft as Circle’s shares register a new all-time high near $124


Gino Matos
для CryptoSlate
Gemini files confidential IPO draft as Circle’s shares register a new all-time high near $124

Поделиться:

Gemini confidentially filed a draft registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of Class A common stock, according to a June 6 statement

The exchange controlled by Cameron and Tyler Winklevoss stated that the share count and price range will be determined once regulators complete their review and market conditions permit a launch.

Reports from Feb. 7 indicated that Gemini had begun discussions with advisers about going public within this year.

Gemini must now respond to SEC comments, update financial statements, and set offer terms before marketing shares to investors. The SEC must declare the registration effective before sales can begin.

At the time, Bloomberg ETF analyst James Seyffart said a White House friendly toward digital assets could encourage more exchanges to tap US capital markets. 

Circle’s potential effect on crypto listings

The move positions Gemini to join a growing roster of digital asset companies pursuing US listings. Stablecoin issuer Circle debuted on the New York Stock Exchange (NYSE) on June 5, following an IPO with share prices initially set at $31.

The firm’s CRCL shares quickly surged to $103.75 within 30 minutes but decreased to close the first session at $83.23. However, the June 6 trading session saw the stock surge back to all-time highs and as of press time, CRCL was trading at $119.21 after hitting a peak of $123.52.

Market participants pointed to Circle’s performance as a catalyst for other private crypto firms. 

Blockworks co-founder Jason Yanowitz wrote that investment banks “are saying it’s go time,” while Moonrock Capital chief executive Simon Dedic said the debut shows public investors will pay for revenue-generating platforms. 

Bitwise senior investment strategist Juan Leon noted that Circle’s first-day return ranks among the top 10 US IPOs over the past year.

Notably, reports from March suggested that Kraken might be preparing for its initial public offering (IPO) next year, allegedly led by Goldman Sachs and JPMorgan.

Gemini’s filing arrives during the same week, suggesting how quickly executives are acting on favorable equity market conditions.

The post Gemini files confidential IPO draft as Circle’s shares register a new all-time high near $124 appeared first on CryptoSlate.

Читать материал на CryptoSlate

В этой новости

Монеты

$ 0.156

-4.10%

$ 0.000603

$ 1.58

$ 0.0108


Поделиться:

В этой новости

Монеты

$ 0.156

-4.10%

$ 0.000603

$ 1.58

$ 0.0108


Поделиться:

Читать больше

Bitcoin is facing a hidden “supply wall” at $93,000 that creates a ceiling no rally can break right now

Bitcoin is facing a hidden “supply wall” at $93,000 that creates a ceiling no rally can break right now

Bitcoin surged $3,000 in an hour on Dec. 17, reclaiming $90,000 as $120 million in sh...
Bitcoin just flashed a rare capitulation signal that historically triggers a violent rally to $180,000 in 90 days

Bitcoin just flashed a rare capitulation signal that historically triggers a violent rally to $180,000 in 90 days

Bitcoin trades near $89,000 today after its 14-day relative strength index fell below...