Gemini Space Station files for IPO with 16.7 million share offering

Gemini Space Station Inc., a cryptocurrency platform, filed a registration statement with the Securities and Exchange Commission for an initial public offering of 16,666,667 shares of Class A common stock, the company announced.

The company set a preliminary price range of $17.00 to $19.00 per share for the offering. Gemini and selling stockholders plan to grant underwriters a 30-day option to purchase an additional 2,396,348 and 103,652 shares, respectively, to cover over-allotments.

Gemini applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "GEMI." The company currently trades on the over-the-counter market under the same symbol.

Goldman Sachs & Co. LLC and Citigroup serve as lead bookrunners for the offering. Morgan Stanley and Cantor also act as lead bookrunners. Additional bookrunners include Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe Bruyette & Woods, Needham & Company, and Rosenblatt. Academy Securities, AmeriVet Securities, and Roberts & Ryan serve as co-managers.

The company stated the proposed offering remains subject to market and other conditions. Gemini noted no assurance exists regarding whether or when the offering may be completed, or the actual size or terms of the final offering.

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