Gemini IPO Marks Winklevoss Twins’ Move as Losses Mount

The cryptocurrency exchange, Gemini, founded by the Winklevoss twins, is preparing for a public listing on the Nasdaq Global Select Market. The company’s initial public offering (IPO) will allow investors to trade its Class A shares under the ticker symbol ‘GEMI.’ This follows years of significant losses, with revenues dropping significantly since 2024 and Gemini reporting $282.5 million in net loss for the first half of 2025. The twins’ control over the company is maintained through a unique dual-class share structure, giving them full voting rights.