Cryptocurrency Exchange Gemini was presented for a preliminary general offer (IPO) with the American Securities and Stock Exchange Committee (SEC), according to a press statement on June 6.

GEMINI presented a secret draft registration statement on the SEC SEC S-1, which allows the company to submit a public subscription file before publicly detecting sensitive information. The deposit comes amid the investor’s renewable confidence with the decline in uncertainty due to commercial wars.

The number of shares to be offered has not been determined and the price range per share has not been determined. No date has been mentioned to the date of the public subscription.

GEMINI was founded in 2014 by Twins Cameron and Tyler Winklevoss. In November 2021, it announced the collection of donations of $ 400 million, with a rate of $ 7.1 billion. According to the Stock Exchange, the number of employees had about 1,000 employees in November 2022, although it would later lead to the demobilization of some employees during the winter.

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In January 2023, the SEC GEMINI was launched for the “Borning” program for the stock exchange, which the agency claimed to sell unregistered securities.

Winklevoss twins were important supporters of the election campaign of US President Donald Trump, who donated one million dollars each. The donations were later recovered to exceed the upper limit of individuals.

Related to: Analysts say that Trump’s presidency coincides with a “turning point” in the American encryption policy

High subscription season

The preliminary public offers race began to heat after the successful public subscription at Surk on June 5 and the high price of the Coreweave shares after the company’s science in March.

At the conclusion of Tradingon June 5, the Circle stock price increased by 167 %. The excessive subscription round drew the attention of many, including Blackrock, which was looking for a 10 % stake, and the ARK’s Cathie Wood, taking into account the purchase of $ 150 million shares from Stablecoin.

Circle’s price momentum continued on June 6, with an additional 32.2 % share price in writing these lines.

Coreove, which completed its initial general offer on March 28, witnessed an increase in stock prices by 158 % last month, according to Google Finance.

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