Gemini explores IPO amid as crypto firms push listings
Last Updated on February 7, 2025 by Michael Motha
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Key Takeaways
Gemini is exploring an initial public offering potentially as early as this year.
Several major crypto companies are preparing for IPOs, including eToro and Circle.
Gemini, the crypto exchange led by Cameron and Tyler Winklevoss, is exploring an initial public offering that could take place as early as this year, according to sources familiar with the situation.
Gemini, the cryptocurrency firm backed by the billionaire Winklevoss twins, is considering an IPO as soon as this year https://t.co/oqWbt5wZ5H
— Bloomberg (@business) February 6, 2025
The company is currently in talks with potential advisors, but nothing has been finalized yet. Gemini now joins a growing list of major crypto firms considering public market debuts, driven by a surge of optimism fueled by the recent pro-crypto government stance.
As the largest among these companies, Gemini’s move stands out and could set the tone for others.
Bullish Global, a crypto exchange operator backed by Peter Thiel, is working with Jefferies Financial Group and JPMorgan on a potential IPO this year.
Looks like Bullish Global is going public
They raised $4.1B from the EOS ICO in 2018
Pivoted to an investment management company
Now manage over $10B across various digital assets and businesses
Will we see more of these?ICO -> failed product -> acquisition holding co -> IPO pic.twitter.com/7zCZPyEWrq
— Prithvir (@Prithvir12) February 5, 2025
Social trading platform eToro has confidentially filed for a US IPO, targeting a valuation above $5 billion. The company aims to list in New York by the second quarter of 2025 with Goldman Sachs, Jefferies, and UBS managing the offering.
Circle, the company behind the USD Coin (USDC) stablecoin, has also submitted confidential IPO paperwork to the Securities and Exchange Commission and awaits regulatory approval.
Ripple, the firm associated with XRP, also has stated its intention to go public, but ongoing SEC legal challenges have complicated its timeline, making a 2025 listing unlikely.
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Michael Motha is the Founder and Managing Director of CryptoNewsOnlineHub and works as a freelance Project Head. He is a dedicated Crypto enthusiast and researcher focusing on blockchain trends, digital assets, and emerging crypto technologies. With academic qualifications in Physics, MBA, and B.Ed from Loyola College, Chennai, he brings clarity to complex crypto topics through insightful content. Outside of crypto, he enjoys blogging, travel, music, and sports such as badminton and tennis.
