Gemini Files for IPO with Nasdaq Listing Plan, Reveals Dual-Class Share Structure

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has taken a decisive step toward going public. The company confidentially submitted a draft IPO filing in June and has now formally applied to list Class A shares on the Nasdaq Global Select Market under the ticker "GEMI". This move positions Gemini among the first major crypto-native firms to pursue a traditional public offering.

The filing reveals a dual-class share structure designed to maintain founder control. Class B shares—held exclusively by the Winklevoss twins and their affiliates—carry 10x voting power compared to publicly traded Class A shares. This arrangement ensures the founders retain majority decision-making authority despite public ownership.

Goldman Sachs, Morgan Stanley, and Citigroup are leading the offering. Gemini reports over 500,000 monthly active users and institutional partnerships spanning 60 countries. The platform emphasizes its security-focused approach to digital asset trading and custody as a key differentiator in the competitive exchange landscape.