Crypto Excination Gmini quietly files for public subscription with Goldman Sachs and Citigroup: Report
According to the coding exchange, which was founded by the billionaire twins Tyler and Cameron Winkelvos for a preliminary general offer (IPO).
Quoting people with knowledge of this issue, Bloomberg Reports Gemini works with TitanS Goldman Sachs and Citigroup in Gildman Investment Banking Services in its efforts to the public brand quietly.
Anonymous sources also say that the discussions are still ongoing and no final decision has been taken on public subscription.
The public subscription is usually secured by investment banks, which are also arranged for stocks listed on stock exchanges.
Last month, the US Securities and Stock Exchange Committee (SEC) ended the investigation of the stock exchange. In a letter addressed to Gemini Jack Bowman, the stock organizer said that she had closed her investigation and would not follow any other enforcement measures against the platform.
Cameron Winkelvos says that the withdrawal of the organizer is a milestone sign of the end of the “war on encryption” in SEC, but the co -founder of Gemini says this hardly compensates for the damage caused by the agency.
“SEC cost us tens of millions of dollars of legal bills alone and hundreds of millions of lost productivity, creativity and innovation.”
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