Gemini Goes Stealth Mode: Crypto Exchange Files Confidential IPO Papers in US

Crypto's latest Wall Street waltz begins—Gemini just slipped its IPO paperwork under the door. No bells, no whistles, just an S-1 filed in the dead of night (figuratively speaking).

Why the secrecy? Because in crypto-land, even a prospectus needs HODL-time before facing the SEC's glare. Winklevoss twins playing the long game—or just dodging another 'Celsius moment'?

Wall Street's already salivating. Nothing gets bankers harder than a fresh crypto carcass to carve up—sorry, 'value-unlock opportunity.'

One thing's certain: when these bitcoin billionaires ring the opening bell, it'll be louder than a DeFi rug pull.

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).

JUST IN:Crypto firm Gemini confidentially files for U.S. IPO. pic.twitter.com/wOW2bGAVTS

“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.