Gemini submits IPO draft to US SEC

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MarsBit
06-07
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Mars Finance News: Cryptocurrency exchange Gemini has "secretly submitted a draft registration statement" to the U.S. SEC, which is related to the proposed Class A common stock IPO. The statement says: "The number of Class A common shares to be issued and the price range have not yet been determined. The initial public offering (IPO) is expected to proceed after the U.S. Securities and Exchange Commission completes its review process, with the specific timing depending on market and other conditions." Previously, Circle submitted its IPO application in April and began trading this week. According to reports, cryptocurrency exchange Kraken is also considering applying for an IPO. (The Block)

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