Gemini confidentially files for US IPO
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ABP News on MSNIPO Investing For Beginners: What It Is And How You Can Apply For ItAn Initial Public Offering (IPO) is the process by which a private company offers its shares to the public for the first time. This event marks the transition of a company from being privately held to publicly traded on a stock exchange.
Gemini, a crypto exchange run by billionaire twins Tyler and Cameron Winklevoss, on Friday disclosed it had confidentially filed for a U.S. initial public offering, as digital asset firms seize on renewed market momentum.
Circle, the company behind the $61 billion stablecoin USDC, made a roaring debut on the New York Stock Exchange Thursday, becoming the first stablecoin issuer to go public and making CEO and cofounder Jeremy Allaire a billionaire.
The significant surge in Circle’s first-day trading could prompt institutional investors to set higher IPO prices for upcoming listings. Imminent IPOs include Omada Health, which is pricing on Thursday, and Klarna, a fintech that’s set to list next week.
As the omnichannel eyewear brand prepares for a public listing, Lenskart has changed its status to a public company. The reports noted that through a special resolution passed by its shareholders, it has changed the registered name to ‘Lenskart Solutions Limited’.
Circle Internet Group Inc.’s initial public offering is likely to price above the marketed range, after fielding orders for more than 25 times the number of shares available in the upsized deal, according to people familiar with the matter.
Circle Internet on Wednesday priced its upsized U.S. initial public offering at $31 apiece, raising $1.05 billion, adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets.
After filing S-1 paperwork last month, the San Francisco-based fintech plans to offer 32 million shares priced between $24 and $26 per share.
SMC received strong level of investor engagement since the publication of the Second Supplementary Prospectus. The deliberate and strategic decision taken by SMC’s shareholders reinforces their confidence in the IPO and their belief in the Company’s long-term value creation potential for both current and future shareholders.