Gemini filed an updated registration statement for its IPO, with lead bookrunners being Goldman Sachs, Citigroup, Morgan Stanley, and Cantor. Other bookrunners include Evercore ISI, Mizuho, and more. The S-1 confirms plans to sell an undisclosed number of Class A shares.

Gemini reported total revenue of $142.2 million in 2024, up from $98.1 million in 2023. Net loss for 2024 was $158.6 million, compared to $319.7 million in 2023. EBITDA for 2024 was a loss of $13.2 million.

Gemini, co-founded by the Winklevoss twins, plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol GEMI. The filing highlights risks related to blockchain networks and digital assets, mirroring other crypto firms going public like Circle, eToro, and Bullish.

Read more at Yahoo Finance: Gemini Hires Goldmans, Citi, Morgan Stanley and Cantor as Lead Bookrunners for Its IPO