Gemini IPO Set for Q3 Launch with Major Wall Street Underwriters

Wall Street is buzzing with anticipation as Gemini, the cryptocurrency exchange founded by the Winklevoss twins, prepares for its initial public offering. According to Andrew Parish, a prominent Wall Street and crypto expert, the IPO could debut by the end of the third quarter. Goldman Sachs, J.P. Morgan, and Citi have been tapped as principal underwriters for the offering.

The move comes amid a surge in crypto-related IPOs, fueled by a more favorable regulatory climate and heightened investor interest. Gemini confidentially submitted its draft registration to the SEC in June, joining peers like Galaxy Digital and eToro in the race to go public. Grayscale, the $33 billion crypto asset manager, also filed for an IPO earlier this month.

Circle Internet's recent market performance—its valuation now exceeds $42 billion—serves as a bullish indicator for Gemini's prospects. The crypto exchange's roadshow and S-1 filing details are expected soon, setting the stage for one of the most closely watched debuts of the year.