Gemini Files Confidentially for IPO Amid Market Recovery

Cryptocurrency exchange Gemini has filed confidentially for an initial public offering, according to a June 6 announcement.

The Winklevoss twins-founded company submitted a draft S-1 with the SEC, keeping pricing and share details private for now. The filing comes as investor sentiment improves.

Gemini, valued at $7.1 billion in 2021, previously faced SEC scrutiny over its “Earn” program. No IPO timeline was provided.