Gemini Space Station, Inc., founded by the Winklevoss brothers, has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its Class A common stock. This move comes after the recent debut of Circle’s IPO on the NYSE.
At this stage, Gemini hasn’t yet decided how many shares it will sell or what the price range will be. These details will be shared later, once the SEC completes its review of the filing. The IPO will only move forward if market conditions are right.
Gemini emphasized that this announcement does not constitute an offer to sell or buy shares. Any actual sale of securities will be carried out according to U.S. securities laws under the Securities Act of 1933, and in line with Rule 135, which governs how companies can communicate about their IPO filings.
Recently, Cameron Winklevoss shared his thoughts on Bitcoin’s value. He said he thinks one Bitcoin could be worth $1 million in the future. He added that $100,000 per Bitcoin is exciting. However, because there will only ever be 21 million Bitcoins, its value should grow much higher.
Also Read: Circle IPO Goes Live! Check the Live Price of CRCL Here
