Gemini IPO: $282M Loss Highlights Crypto Exchange’s Nasdaq Plans

The Gemini exchange is preparing for an Initial Public Offering (IPO) on the Nasdaq, with its S-1 filing revealing significant financial challenges. The company reported a net loss of $282.5 million and declining revenue in the first half of 2025. While the IPO prospectus provides details on listing and offering terms, the left-lead bookrunners Goldman Sachs, Citibank, Morgan Stanley, and Cantor Fitzgerald will oversee the process.