Crypto exchange Gemini is planning to go public, the company revealed in a June 6 press release.
Gemini Files to Go Public
According to the new press release, the New York-based crypto company has confidentially submitted a draft registration statement on Form S-1 with the United States Securities and Exchange Commission (SEC).
“The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined,” the statement reads. “The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions.”
The decision comes just one day after Circle began trading on the New York Stock Exchange after it filed to go public in April.
“We are not just building financial products. We are building the money layer of the internet,” Circle said in a June 5 statement. “To everyone who has contributed to this moment, thank you.”
Editor’s note: This is a developing story. More details will be added as they are made available to the public.
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