根据文件，温克莱沃斯兄弟在此次发行前几乎持有公司全部股份，预计在IPO之后仍将控制约94.5%的 投票权。 智通财经APP获悉，加密货币交易所Gemini Space Station Inc.(GEMI.US)将于本周五登陆纳斯达克。据 知情人士透露，这家由亿万富翁卡梅隆·温克莱沃斯(Cameron Winklevoss)和泰勒·温克莱沃斯(Tyler Winklevoss)支持的公司首次公开募股(IPO)定价为每股28美元，将通过发行约1520万股股票筹集4.25亿 美元。而根据该公司周二提交给美国证券交易委员会(SEC)的文件，其IPO定价区间为每股24-26美元， 计划发行约1670万股股票。 值得一提的是，纳斯达克交易所正大举布局加密货币领域，并通过实质性投资加快扩张步伐。文件显 示，纳斯达克已同意在IPO定价水平进行5000万美元的私募配售。此外，Gemini计划将最多10%的IPO 份额留给长期用户、管理层、员工及其亲友，并将最多30%的份额分配给通过Robinhood Markets Inc.、 SoFi Technologies Inc.和Webull Corp.等公司运营的自助投资平台参与的 ...

Group 1 - The core viewpoint of the article is that Gemini Space Station, a cryptocurrency exchange, is launching an IPO aiming to raise up to $317 million, with a proposed share price of $17 to $19, potentially valuing the company at around $2.2 billion [1][2] - The IPO is led by Goldman Sachs and Citigroup, and Gemini plans to list on the Nasdaq Global Select Market under the ticker symbol GEMI [1] - Gemini is currently unprofitable and has faced regulatory challenges, including a recent settlement with U.S. regulators over compliance issues, making the success of the IPO a significant indicator for the cryptocurrency industry's ongoing listing trend [1][3] Group 2 - Since 2025, companies like Circle Internet Group and Bullish have gone public, raising $1.2 billion and $1.1 billion respectively, with their stock prices surging on the first day [2] - The supportive stance of the Trump administration towards the cryptocurrency industry and the implementation of stablecoin legislation have created a favorable environment for companies to go public [2] - Gemini's listing plan reflects continued investor interest in the cryptocurrency asset space, further integrating the crypto industry with mainstream finance [3] Group 3 - Founded in 2014, Gemini manages over $18 billion in assets but has yet to achieve profitability, facing ongoing regulatory challenges [3] - In the first half of 2025, Gemini reported total revenue of $68.6 million, a decline from the previous year, while net losses widened to $283 million, with trading fee income accounting for 65.5% of total revenue [3] - The company has had multiple regulatory disputes, including a lawsuit from the SEC regarding unregistered securities, which was recently dismissed, and a $5 million settlement with the CFTC over Bitcoin futures compliance [3]

Core Viewpoint - The article discusses the potential of Gemini, a cryptocurrency exchange, to replicate the wealth creation seen in the industry, especially in light of its upcoming IPO and the recent success of other digital currency companies in the U.S. stock market [3][12]. Company Overview - Gemini was founded in 2014 by Tyler and Cameron Winklevoss, who became billionaires through early investments in Bitcoin and have a notable history linked to Facebook [4][5]. - The company aims to be the most compliant cryptocurrency exchange, having obtained a trust license from the New York State Department of Financial Services in 2015, allowing it to operate legally in New York [6]. Business Performance - As of June 30, 2025, Gemini serves approximately 523,000 monthly transacting users (MTU) and around 10,000 institutions, with total assets exceeding $18 billion and cumulative trading volume surpassing $285 billion [7]. - In 2023, Gemini reported revenues of $98.14 million, which increased to $142 million in 2024, but saw a decline to $68.61 million in the first half of 2025, a 7.6% decrease year-over-year [9]. Financial Challenges - The company has faced increasing losses, with net losses of $320 million in 2023, $159 million in 2024, and $282 million in the first half of 2025 [10]. - Rising operational costs, including an increase in employee count from 500 in 2024 to 650 in 2025, have contributed to the financial strain, with personnel costs accounting for 40% of total expenses [11]. Market Environment - The IPO wave among cryptocurrency exchanges reflects a favorable market trend, with regulatory environments becoming more predictable under the current administration [15]. - Despite the positive regulatory shifts, competition is intensifying from both established exchanges like Coinbase and Bullish, as well as traditional financial institutions entering the crypto space [16]. Future Prospects - Gemini's upcoming IPO is expected to raise over $400 million, with plans to use the funds for debt repayment and business development, emphasizing compliance and global expansion [16]. - The company is also adapting to the regulatory landscape by splitting its operations into two entities to better manage compliance challenges [16].