The eyes of the Winklevoss backed by a $ 317 million in a rating of $ 2.22 billion star-news.press/wp

Gemini IPO is formed with Crypto Exchange, which provides new details about the number of shares available for sale before their general list. Crypto Exchange is planning to be included on the Nasdaq Stock Exchange under the title “GEMI”.

Gemini Public subscription to raise approximately $ 317 million to exchange encryption

in SEC fileCrypto Exchange announced that it provides 16.7 million shares of its joint A. Class shares at a preliminary public offer price ranging between $ 17 and $ 19 per share. Based on the share price, the public subscription may raise up to 316.7 million dollars with a market value of $ 2.2 billion.

Moreover, with regard to the General subscription, Excination Crypto and sales shareholders have to give believers a 30 -day option to buy up to 2.4 million and 103,652 shares, respectively, to cover excess amounts. The main insurance companies for public subscription are Goldman Sachs and Citigroup.

The encryption exchange indicated that the public subscription is still subject to the market and other conditions and that there is no guarantee about when or whether it will complete the offer. Looking at the demand for previously previously encryptive subscriptions, there is also a possibility that it will be returned, which will lead to an exchange of encryption to raise the price of the public subscription.

Meanwhile, Coingepe said earlier, Exchande Crypto applied to include the Shame A Class AD on the Nasdaq Stock Exchange under the symbol “GEMI” after the Gemini subscription. The company’s financial statements also showed that it recorded a net loss of 282.5 million dollars in the first half of the year, with an increase in the loss of $ 41.4 million that it mentioned in the first quarter of 2024.

It is worth noting that the encryption exchange also revealed a credit agreement of $ 150 million with Ripple to facilitate the initial public offering. Part of the credit line, if extended to 150 million dollars, includes the use of RLUSD Stablecoin.

Plans of net revenue

The Crypto exchange stated that it plans to use clear revenues from the public subscription for public companies. This may include the development of products, public and administrative issues, capital expenditures, and payment of all or part of the third -party debt.

As part of its commercial operations, Gemini currently runs the exchange of derivatives and the OTC trading office. It also provides stokeing services, organized StableCoin Services in NYDFS, and provides us with credit cards.

She recently launched her XRP credit card for XRP holders, with up to 4 % cash on each purchase. It is worth noting that this step comes at a time when the company is looking to increase its revenue sources before the General subscription.

Crypto Exchange has registered an increase in the number of its application downloads on the Apple App Store in the United States after the launch of the XRP card. GEINI also climbed the classifications in the application store, bypassing Coinbase, the largest encryption exchange in the United States, in this process.

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Alignafe Adeyemi

Boluwatife Adeyemi is a writer and editor of encryption news that covers topics that exceed several ports. Its speed and alacity covering uniform break updates. He has a talent to simplify the most technical concepts and make them easy to understand beginners in encryption. Boluwatife is also a lawyer, a law certificate from the University of Ibadan. It also holds a certificate in digital marketing. Away from writing, he is a fan of thirsty basketball, traveler, and part -time Degen.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Why confidence: Coingaape: Coingepe has covered the coded currency industry since 2017, with the aim of providing useful visions to our readers. Journalists and analysts bring years of experience in market analysis and Blockchain technology to ensure realistic accuracy and balanced reports. By following our editorial policy, our book is achieved from every source, and verifies each story, and they depend on the reputable sources, quotes and media properly. We also follow a strict review methodology when evaluating exchanges and tools. From Blockchain projects emerging and launching operations to industry events and technical developments, we cover all aspects of the area of ​​digital assets with a fixed commitment to the relevant information in time.

Leave responsibility: The content and the personal views of the author and the current market conditions reflect. Please do your own research before investing in encrypted currencies, because the author and the post is responsible for any financial losses.

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