Gemini Space Station, Crypto Exchange and Custodian founded by Cameron and Tyler Winklevoss, submitted to the American Commission of Securities and Stock Exchange to mention ordinary A Class A shares on the global market of the selected Nasdaq under the bangs.
Founded in 2014, Gemini runs an adjustable cryptographic exchange, care service and a number of blockchain based products, including Gemini’s Gemini (GUSD) and Crypto-Rewards credit card, platform he said In the application submitted on Friday.
According to his notification, IPO will mean that his shares will be publicly commercial and the prices expected between an undisclosed scope. The offer will be conducted by the Syndicate of Immense Banks, including Goldman Sachs, Morgan Stanley, Citigroup and others.
Gemini after an officer will have a double structure of the action, including class A shares carrying one vote for action, and class B actions carrying ten votes. Twin Winklevoss will keep all B -class actions, providing control of the majority voting and qualifying Gemini as a “controlled company” in accordance with NASDAQ regulations.
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The twins are in the face of the expansion of the losses
Despite the stubborn S-1 framing, it reveals the widening of net losses. In 2024, Gemini recorded revenues of USD 142.2 million in relation to a net loss of USD 158.5 million. This deficit deepened in 2025, and the losses in the first half of 2025 achieved USD 282.5 million at USD 67.9 million.
The company’s liquidity has also exacerbated. At the end of 2024, EQUIVIVALNEN cash amounted to USD 341.5 million, but by mid -2012, they fell to USD 161.9 million, reflecting the burden of lasting losses and operating costs.
In particular, Cameron and Tyler Winklevoss supported the offer of Trump’s re -election and supported cryptographic political committees.
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The era of Trump increases the optimism of the cryptocurrency market
The twin movement appears among the changing regulatory climate. Because Trump’s administration has adopted a more pro-kick position, American companies from digital assets find a renovated appetite on capital markets.
In June, the Circle Stablecoin internet group organized a hit IPO, collecting $ 1.1 billion and closing its first day 167% above the price of $ 31.
He reports that Crypto Exchange Bullish also made a sturdy debut on the public market, and his shares increased by 83.8% on the first day to close $ 68, which gave the company market capitalization over $ 10 billion. The shares opened for 90 USD, briefly reached $ 118, over 215% above the IPO price $ 37 before they went back.
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