Cryptocurrency exchange Gemini has filed a confidential draft registration statement for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC), the company announced on June 6, as reported by Bloomberg.
The filing, made using the SEC's Form S-1, allows Gemini to keep key details secret until the IPO date approaches.
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The move comes at a time when investor confidence is recovering amid easing concerns over trade wars.
Gemini, founded in 2014 by Cameron and Tyler Winklevoss, was last valued at $7.1 billion in 2021.
No details have been disclosed about the number of shares or the price, nor has a timeline been provided for the IPO.