Crypto Exchange Gemini Sets Sights On $2.3 Billion Valuation As IPO Approaches

Crypto Exchange Gemini Sets Sights On $2.3 Billion Valuation As IPO Approaches

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Gemini, the US -based Customed Currency Exchange, is targeted by Twins Cameron and Tyler Winklevoss, a rating of $ 2.22 billion while its first year’s launch (IPO).

Gemini was appointed to join the ranks of public encryption

Exchange Declare On Tuesday, it is planned to provide 16.67 million shares at a price of between $ 17 and $ 19 each under the name “GEMI”, with a possible total increase of about $ 317 million at the upper end of the pricing range.

The move comes at a time when the activity of public offering associated with the United States is witnessing a noticeable return in the United States. Companies like circle (CRCL) and Bullish (BLSH) saw that their shares rise dramatically at the time of their first appearance.

The GEMINI menu will be an important landmark, as it will be the third exchange of digital assets circulating. This is also followed by the emergence of successful Bullish last August and Coinbase, the largest coding platform in the United States, in 2021.

According to For BO Pei, a US Tiger Securities analyst, successful general offers of companies such as Circle and Bullish, as well as a comprehensive, favorable market and high cryptocurrency prices, create a favorable environment for encryption companies to consider public.

It is worth noting that the cryptocurrency sector is steadily integrated in the prevailing financing, with the help of the organizational funds for the Instant Bitcoin (BTC) and the ETHEREM (ETH) (ETFS) organizational funds (ETFS) by the American Securities and Stock Exchange Committee (SEC) last year, and the two printers to Coinbase in the S&P 500.

Blockchain lender joins the subscription direction

In a similar context, Figure Technologies, the Blockchain lending company, is looking forward to a large evaluation of $ 4.13 billion in its initial year offering.

Company Plan To sell 26.3 million shares, at expected prices ranging between 18 and 20 dollars, with the aim of collecting up to 526.3 million dollars. As with Gemini, a step reflects a wider direction for encryption companies that benefit from the enthusiasm of the current market for new lists.

The current American administration’s position in support of the cryptocurrency sector with the passage of the key Encryption bills The public subscription pipeline is expected to remain active, especially for organizing companies and focus on compliance.

Joseph Schuster, CEO of IPOX, noted that this supportive organizational environment is likely to encourage more companies to advertise. Steps:

In this field, investors tend to be patient because they see the long-term capabilities-especially with the organizational obstacles that began to clarify and continue to adopt growth

Goldman Sachs and many traditional financial institutions in Wall Street will be the main subscription for the initial public offers of the collective and public offers of technologies.

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The 1D graph shows the total evaluation of the Crypto market at $ 3.75 trillion. source: Total on Tradingview.com

Distinctive image from Dall-E, Chart from TradingView.com

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