Gemini has initiated its first-ever IPO on the US stock market, with the stock ticker symbol "GEMI".

BlockBeats News, September 2nd, according to the Associated Press, cryptocurrency platform Gemini announced that it has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission for an initial public offering of 16,666,667 shares of Class A common stock. The current expected IPO price is between $17.00 and $19.00 per share of Class A common stock, with the IPO expected to raise approximately $317 million.

Gemini has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol "GEMI." Goldman Sachs, Citigroup, Morgan Stanley, and Cantor are serving as lead underwriters, while Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, a Stifel company, Needham & Company, and Rosenblatt are serving as underwriters. Academy Securities, AmeriVet Securities, and Roberts & Ryan are serving as co-managers.