Gemini Space Station, founded by the Winklevoss twins, plans to list its Class A stock on Nasdaq under ticker GEMI. The IPO will be led by major banks, with pricing expected in an undisclosed range. The company faces increasing losses, with a deepening net loss in 2025 and tightening liquidity.

Gemini’s move comes as the Trump era boosts optimism in the crypto market. With a more pro-crypto stance, US digital asset companies are finding renewed appetite in capital markets. Stablecoin issuer Circle Internet Group raised $1.1 billion in its IPO, while crypto exchange Bullish saw its shares surge 83.8% on the first day.

Read more at Cointelegraph: Gemini Files for Nasdaq Listing Under GEMI as Losses Mount