Gemini, the cryptocurrency exchange and custodian founded by Cameron and Tyler Winklevoss, has confidentially filed for an IPO in the U.S., according to a press release on Friday.
The number of shares and the pricing terms have not yet been decided upon, and the company said a listing “is expected to occur after the SEC completes its review process, subject to market and other conditions.”
By filing confidentially, Gemini can test investor appetite and prepare for a public debut without immediate scrutiny of its financials. The announcement comes after the SEC wrapped up its investigation into Gemini in February without recommending enforcement action, and follows a $5 million settlement with the Commodity Futures Trading Commission in January.
Gemini is the latest crypto firm to pursue a public listing as President Donald Trump’s administration pushes more favorable regulations for the industry, which heavily funded his campaign.
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