Gemini Space Station Inc., eine von den Winklevoss Twins gegründete Krypto -Börse und Custodian Bank, hat einen ersten Börsengang (IPO) auf dem Nasdaq Global Select Market unter dem Symbol Gemi eingereicht.
Das Unternehmen meldete die Vergrößerung von Nettoverlusten mit einem Nettoverlust von 158,5 Mio. USD auf 142,2 Mio. USD im Jahr 2024 und einem Nettoverlust von 282,5 Mio. USD für 67,9 Mio. USD in den ersten sechs Monaten von 2025.
https://finance.yahoo.com/news/winklevoss-twins-crypto-company-gemini-001643100.html
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tldr; Gemini Space Station Inc., the crypto exchange and custodian bank founded by Cameron and Tyler Winklevoss, has filed for an IPO to list on the Nasdaq under the symbol GEMI. Founded in 2014, Gemini offers services like a stablecoin and a crypto rewards credit card. Financial disclosures reveal widening losses, with a $158.5 million net loss on $142.2 million revenue in 2024 and $282.5 million net loss on $67.9 million revenue in the first half of 2025. The move follows other crypto firms entering public markets amid regulatory easing.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Every IPO, PIPE, SPAC, ATM and Convertible Note Offering Company is an exit scam.
Recording losses in a bull market not a good outlook…
Their ship is sinking and they need a liquidity event to cash out what they can when the getting is still good. 🤣
They weren’t profitable in 2024 and they just announced that they are borrowing money from ripple..
Those two made some reforms at my place /s
Loss making shit excuse for a company going public? Kathie Woods is all-in!
Now are they not profitable..?? Marketing costs to gain market share ?? I’m confused but I’m also just a dumb ape.
So all I need to do is create a business, attract some investors, sustain for a few years, record marginal losses and then IPO and cash out?
Is this the play book?