Gemini Space Station (GEMI) files for proposed Nasdaq IPO

Gemini Space Station (GEMI) has filed for a proposed Nasdaq IPO.

The company describes itself as: "Our mission is to unlock the next era of financial, creative, and personal freedom. Gemini envisions a future where crypto will redesign the global financial system, the internet, and money in a way that provides greater choice, independence, and opportunity for all. As a trusted bridge between the traditional financial system and the emerging cryptoeconomy, we are providing access for individuals and institutions to a decentralized future that is more open, fair, and secure. Gemini was founded in 2014 to be the most trusted, secure, and easy way to buy, sell, and store crypto assets. As of June 30, 2025, we serve approximately 523,000 MTUs and approximately 10,000 institutions in over 60 countries, with over $18 billion of assets on our platform, over $285 billion in lifetime trading volume, and over $800 billion in transfers processed on our platform. Since our founding, we have watched the overall crypto market capitalization expand from under $10 billion to over $3 trillion as users discover the onchain world."

The company reported $68.6 million in revenue of H1 of 2025. In 2024, the company reported net income of negative $158.5 million. Additionally, Gemini said it does not anticipate paying dividends in the foreseeable future.

Goldman Sachs and Citigroup will serve as lead underwriters.

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