Cryptocurrency exchange Gemini, founded by the Winklevoss twins, is changing its public offering strategy, aiming for a valuation exceeding $3 billion. This decision responds to rising investor interest.
Gemini's IPO Plans Updated
Gemini has updated its SEC filings to reflect a revised share price range, now looking to offer approximately 16.67 million shares priced between $24 and $26 each, up from a previous estimate of $17 to $19.
Capital Raising Prospects
With the new pricing range, Gemini could potentially secure about $433 million, significantly higher than the earlier estimate of $317 million.
Gemini's Expansion into Europe
In addition to its IPO preparations, Gemini is broadening its offerings in Europe, including staking and derivatives services aimed at approximately 400 million European investors.
As Gemini progresses with its IPO, it illustrates how cryptocurrency companies are navigating traditional financial markets while addressing investor interest in digital assets.
