Gemini, the crypto exchange co-founded by billionaire twins Tyler and Cameron Winklevoss, has reportedly filed for an initial public offering (IPO).
According to Bloomberg, Gemini is working with investment banking giants Goldman Sachs and Citigroup to confidentially go public.
Sources familiar with the matter have revealed that discussions are ongoing and a final decision on the IPO has not been reached yet.
An IPO typically involves investment banks underwriting the offering and arranging for the shares to be listed on stock exchanges.
Last month, the U.S. Securities and Exchange Commission (SEC) closed its investigation into Gemini, signaling the end of what Cameron Winklevoss called the SEC’s “war on crypto.” However, he expressed frustration over the financial and productivity losses incurred during the investigation.
“The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation.”
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