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Winklevoss twins-backed Gemini targets $2.2 billion valuation in US IPO
Gemini is seeking a valuation of up to $2.22 billion in its U.S. initial public offering, the cryptocurrency exchange said on Tuesday, as digital asset platforms capitalize on renewed investor appetite for public market debuts. The New York-based company, founded by twins Cameron and Tyler Winklevoss in 2014, plans to sell 16.67 million shares at $17 to $19 each, with a target to raise as much as $317 million at the top of the range. The IPO filing comes as U.S. public offering activity experiences a strong resurgence, fueled by robust market conditions and impressive first-day trading performances that have whetted ... (full story)
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