According to reports, the crypto exchange created by billionaire twins Tyler Winklevoss and Cameron Winklevoss filed an initial public offer (IPO).
Bloomberg reported that Gemini, citing people with knowledge of the situation, is working closely with Goldman Sachs in order to go quietly public.
Sources anonymous also claim that the discussions about an IPO are ongoing, and there has not been a final decision made.
Investment banks typically arrange the listing of shares on stock exchanges and underwrite an IPO.
The U.S. Securities and Exchange Commission also closed its investigation into the exchange last month. The securities regulator wrote to Gemini’s lawyer Jack Baughman that they have closed their investigation and won’t be taking any more enforcement action against the platform.
Cameron Winklevoss claims that the SEC’s decision to withdraw is an important milestone, which marks the end of its “war on cryptocurrency.” However, the co-founder of Gemini says it does not make up for all the harm caused by the SEC.
The SEC has cost us hundreds of millions dollars of lost creativity, productivity and innovation.
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This article, Crypto Exchange Gemini Files Quietly for IPO with Goldman Sachs & Citigroup: A Report first appeared on The ICD.
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