Gemini Space Station Inc. plans to go public on the Nasdaq under the ticker GEMI. Founded by the Winklevoss twins in 2014, Gemini operates as a crypto exchange and custodian bank. The company's S-1 filing reveals its increasing net losses, reporting a $158.5 million loss on $142.2 million in revenue for 2024, with losses in 2025 already exceeding this amount. Other crypto firms like Circle and Bullish have also recently gone public under similar conditions and faced financial challenges despite initial market successes.
Gemini Space Station Inc., founded by Cameron and Tyler Winklevoss, plans to list on Nasdaq under the symbol GEMI, amid increasing public market interest.
Despite a revenue of $142.2 million in 2024, Gemini reported a significant net loss of $158.5 million and losses continue to grow in 2025.
Circle Internet Group had a successful IPO raising $1.2 billion, with its stock trading 168% above its IPO price, despite subsequent quarterly losses from one-time costs.
Bullish successfully raised $1.1 billion in its IPO, with shares initially priced at $37 more than doubling to a peak of $118.
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