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Investing.com -- Gemini, a cryptocurrency exchange, announced on Friday its confidential filing for a U.S. initial public offering (IPO). This move comes as digital asset companies look to capitalize on the renewed risk appetite of investors, amidst favorable market conditions.
In recent weeks, several prominent companies, including those in high-risk sectors like cryptocurrency and financial technology, have had successful listings. This trend indicates a buildup of demand. For instance, Circle, a stablecoin issuer, had a successful public debut earlier this week on the New York Stock Exchange.
Analysts have suggested that Circle’s positive debut could inspire more cryptocurrency firms to consider public listings. The current trajectory seems likely to motivate others contemplating stock market debuts.
Gemini runs a trading platform that allows investors to purchase, sell, and store over 70 crypto tokens. The company has not yet established the size or proposed price range for its offering.
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