Gemini Charges Ahead with IPO: 16 Million Shares Set at Bold $19 Price Target

Gemini just dropped the mic—and their S-1.

Pricing Ambition Meets Market Reality

The crypto exchange is pushing forward with plans to offer a whopping 16 million shares, aiming for a top-tier valuation that could hit $19 per share. That’s not just a number—it’s a statement.

Timing, Liquidity, and a Dash of Wall Street Swagger

This isn’t just another debut. It’s a liquidity play wrapped in ambition, launching right as institutional crypto interest refuses to cool off. No soft launches here—just raw, unfiltered market confidence.

But let’s be real—pricing at the high end in this economy? Either pure genius or another finance fairytale waiting for a plot twist.

Gemini submits Nasdaq application as crypto IPO wave builds

The IPO will only be available through an official prospectus. Copies of that prospectus can be requested from Goldman Sachs, which is serving as a lead bookrunner. Another option is Citigroup, also a lead bookrunner, who’s handling requests.

Along with Goldman Sachs and Citigroup, the underwriter list includes Morgan Stanley and Cantor, also acting as lead bookrunners. Additional bookrunners are Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, which is part of Stifel, Needham & Company, and Rosenblatt.

This IPO attempt places Gemini in line to become the third publicly traded crypto exchange in the U.S., right after Coinbase, which joined the S&P 500 earlier this year, and Bullish, which went public months ago.

The timing aligns perfectly with the current surge in IPO activity on Wall Street thanks to strong debut sessions and rising investor interest, which are helping revive public markets after a dry spell that stretched through the last crypto winter.

Cameron Winklevoss and Tyler Winklevoss, who founded Gemini, first gained public attention through their legal dispute with Facebook and its CEO Mark Zuckerberg. That 2008 lawsuit resulted in a settlement that the twins used to invest in Bitcoin, a decision that made them among the earliest crypto billionaires.

Their bet on Bitcoin, back when it was still trading in the low double digits, earned them the nickname “Bitcoin twins.” Since then, they’ve built Gemini into a recognizable brand in the crypto industry, with global operations and a push toward regulatory compliance.

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