Crypto Dons Wall Street: Citigroup and Goldman Sachs Guide Gemini's Anticipated IPO
by aria-crypto.com
March 9, 2025 at 17:33
Crypto Dons Wall Street: Citigroup and Goldman Sachs Guide Gemini's Anticipated IPO
The crypto exchange Gemini, founded by Tyler and Cameron Winklevoss, has initiated the process for an initial public offering (IPO), collaborating with financial giants Goldman Sachs and Citigroup. Bloomberg sources claim the discussions for the IPO are ongoing, and no definitive decisions have been made yet. Investment banks often underwrite such IPOs, facilitating the listing of shares on stock exchanges. This move comes after the U.S. Securities and Exchange Commission (SEC) concluded its probe into Gemini, affirming no further enforcement will follow, which Cameron Winklevoss celebrates as an end to what he termed the SEC’s “war on crypto.” He also criticized the SEC for costing the company substantial amounts in legal fees and lost opportunities. The potential IPO could mark a significant milestone for cryptocurrency engagements in mainstream finance.
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