Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, is set to go public with plans to sell 16.66 million shares at an expected offering range of $17 to $19, indicating a market cap of $2.1 billion. The company will list on the Nasdaq under the symbol “GEMI,” with Tyler as CEO and Cameron as president. Gemini’s revenue was $68.6 million in the first half of the year, with a net loss of $282.5 million. The company makes money through transaction fees and ancillary businesses like the Gemini dollar stablecoin and a credit card. Assets on the platform include Bitcoin and Ether, accounting for 74% and 14%, respectively. Gemini has had $285 billion of total trading volume through the end of July. The Winklevoss twins donated $1 million worth of Bitcoin to President Donald Trump’s election campaign in 2024 and invested $21 million in a super PAC supporting pro-crypto candidates for the 2026 mid-term elections. They also invested in Trump-linked bitcoin miner American Bitcoin Corp. Gemini’s next chapter follows a challenging period during the crypto collapse of 2022, where its Earn program was impacted. Customers were unable to withdraw their assets but were eventually made whole in 2024. Gemini is among the well-known crypto exchanges in the U.S., competing with Coinbase, Kraken, and Robinhood. The company sees opportunities for growth in the multi-trillion-dollar crypto market over the next decades, as detailed in its IPO filing. Gemini’s public debut follows high-profile crypto IPOs like Circle and Bullish, indicating the continued interest in the crypto space.

Read more at Yahoo Finance: The Winklevoss Twins Are Behind Crypto’s Next High-Profile IPO. What You Need to Know.