00:00The Winklevoss twins just made a massive move. Gemini, their crypto exchange, is targeting a $2.2 billion valuation with a US IPO. They're raising up to $317 million by offering $16.67 million shares.
00:17Price tees between $17 to $19 each. If successful, Gemini will list on Nasdaq Undertaker, Gemi with Goldman Sachs and Citigroup as underwriters. This would make them the third US crypto exchange to go public, following Coinbase and Bullish.
00:38This isn't just about raising capital. It's about legitimacy. The crypto world is going full Wall Street, signaling credibility in a space that loves decentralization but also craves the spotlight.
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