Cryptocurrency Platform Gemini Confidentially Files for IPO

The company said in a press release that it has not yet determined the number of shares to be offered or the price range for the proposed offering.

“The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions,” Gemini said in the release.

The announcement came a day after Circle Internet Financial, the company behind the USDC stablecoin, debuted on the New York Stock Exchange (NYSE) and saw the price of its stock triple by the day’s close.

By going public, Circle joined Coinbase, Mara Holdings and Riot Platforms as one of the few pure-play crypto companies to list in the U.S.

Gemini discussed Circle’s upsized IPO in its Weekly Market Update,…