Trading platform Gemini has revealed details of its IPO

Cryptus Exchange Gemini, founded by the Winklevoss twins, has revealed details of its plan for an initial public offering (IPO) in the United States.

According to the S-1 registration statement filed with the U.S. Securities and Exchange Commission (SEC), Gemini will offer investors 16,67 shares of Class A common stock, which will be listed on the Nasdaq Stock Exchange under the ticker symbol GEMI.

The company plans to sell its shares at a price of $17 to $19 per share, raising up to $317 million if the price is at the high end of that range.

In case of success Gemini will become the third publicly traded digital asset exchange in the U.S., following Bullish (BLSH), which debuted successfully earlier this year, and the largest cryptocurrency exchange in the U.S., Coinbase (COIN).

Following the successful IPOs of Circle and Bullish, as well as the overall strong market and rising cryptocurrency prices, it is high time for cryptocurrency-related companies to consider going public, US Tiger Securities analyst Bo Pei told Reuters.

According to the official press release, Goldman Sachs & Co. LLC and Citigroup will act as lead organizers of the trades, while Morgan Stanley and Cantor will become co-organizers of the IPO.

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