Gemini, a crypto exchange run by Tyler and Cameron Winklevos, has boosted the price range for the planned Friday IPO, the company said in an updated S1 filing on Tuesday.
The company is currently planning to sell 16.67 million shares between $24-26, respectively, against the previous range of $17-19. In the new range of high-end, Gemini will raise more than $430 million at a valuation of around $3.1 billion.
Goldman Sachs, Citigroup, Morgan Stanley and Cantor are major underwriters of IPOs.
Crypto’s native companies are about to be made public under President Trump’s more benign regulatory regime. Gemini’s public list follows the bullish release of rival exchanges (blsh)Coindesk owner, and Stablecoin Issuer Circle (CRCL).
Replace a giant nasdaq (meanwhile) It has signed an agreement to purchase $50 million in shares in private placements at a price per share equal to the IPO price.
The stocks are listed in the Nasdaq Global Select Market under the ticker symbol Gemi.
read more: Crypto ExchangeGemini is valuing the US IPO $2.22 billion in search of $317 million in raising
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