- The twins go down on the IPO route, in the midst of the rising crypto -market optimism
- IPO archives a sign of growing Wall Street interest in digital assets
In a remarkable displacement within Stablecoin and crypto markets, Circle’s USDC followed Tether’s USDT in May and registered $ 263.77 million in transaction volume on the chain, according to Visa analysis on the chain.
This was followed by Circle’s high -profile debut At the New York Stock Exchange, where the USDC StableCoin -Issue successfully raised over $ 1 billion through his share offer.
Gemini files for IPO
Seeing this, Gemini, led by billionaire twins Tyler and Cameron Winklevoss, have confidential potted for a first public offer (IPO) in the United States.
According to a recent statement, Gemini submitted a draft registration on Form S-1 to US Securities and Exchange Commission. This marks a crucial milestone when it comes to taking its public public share.
These back-to-back development highlights the growing investor’s appetite for crypto companies, including among traditional financial institutions.
Worth noting, however, that Gemini’s co -founder has not yet publicly taken up the move. In addition, SEC has also not clarified the exact time for its review, which keeps the market attention as the rules develop.
“You take it” – IPO experts react to timing
Reactions to this announcement have been different. For example, Matt Kennedy, senior strategist at Renaissance Capital, a supplier of IPO-focused research and ETFs, noted,
“Pre-IPO Crypto Companies would be crazy not to proceed with lists after seeing how Circle is traded. Crypto can be an unpredictable market, so when you get a chance like this you take it.”
Ipox’s Kat Liu echoed this change and added that crypto companies with structured business models in verticals with high growth now see better position to become public.
This tailwind comes to the back of the feeling that gradually leans back in favor of digital assets, both retail and institutional.
For the twins, this IPO movement also follows its commitment to completely replace users affected by its turned off Earn programs – An attempt to restore user confidence before you become public.
