Gemini Prepares for $2.22 Billion IPO, Expanding in Europe with MiCA License

Crypto exchange Gemini is planning a significant fundraising by offering 16.67 million shares to the public at a valuation of up to $2.22 billion. The Nasdaq listing, expected to occur under the ticker GEMI, will be backed by underwriting from Goldman Sachs and Citigroup, potentially raising an additional $317 million through over-allotments. This follows a recent surge in U.S. listings for crypto firms, with companies like Bullish and Circle securing funding at valuations of $1.11 billion and over $1 billion respectively. The influx comes as the industry seeks to capitalize on growth opportunities amidst volatile market conditions.