Gemini files for Nasdaq IPO, securing $150M Ripple credit line to strengthen finances and expand in the growing crypto market.
Crypto exchange Gemini has taken a big step toward going public. The company’s S-1 statement was released on Friday, August 15, 2025, revealing exciting details about its plans. This marks Gemini as the latest crypto firm to pursue an Initial Public Offering (IPO) in 2025. Earlier, Secretly, the company had filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC) in early June.
Gemini Secures $150M Ripple Credit Ahead of IPO
According to the filing, Gemini wishes to list its share on Nasdaq stock exchange. The company has adopted GEMI as the ticker symbol on its shares. But it has not been revealed as to the IPO price. This implies that investors will be forced to wait longer to get information regarding the price of acquiring the stock in Gemini. Moreover, leading financial companies will supervise the process. The lead bookrunners will be Goldman Sachs, Citi, Morgan Stanley, and Cantor and aid in the management of the offering.
The decision is made as Gemini pursues the establishment of its dominance in the crypto market. The Winklevoss twins founded the company that has been quite a familiar name in the field of cryptocurrency trading. In addition, an unexpected collaboration was disclosed in the filing. Gemini has received a line of credit of 150 million dollars on Ripple, which is a heavyweight in the crypto scene. This agreement, which was signed in July 2025, gives Gemini financial leeway as it awaits the IPO.
It is linked to the Ripple stablecoin, RLUSD which provides additional stability. The collaboration may assist Gemini in dealing with finances in the unpredictable IPO procedure. In addition, it also shows the increasing collaboration amid large crypto businesses. According to analysts, this initiative will be a trend in future transactions in the industry. This has made Gemini gain attention through its strategic planning.
Related Reading: Gemini to Offer Tokenized Stocks, ETFs for EU Users | Live Bitcoin News
Gemini’s Nasdaq Move May Signal New Era for Crypto Firms
The Nasdaq listing could bring significant benefits to Gemini. The public offering will provide the company with increased capital from investors. It can make use of this money in advancing its trading platform and extending its services. Also, the IPO is being initiated at a time when there is a rise in interest in the crypto market. The sector has been in the spotlight in the recent past, with other companies such as Bullish and Circle going public.
The future path may not be smooth, though. Before the IPO can take place, Gemini will have to meet SEC requirements and conditions in the market. Investors will also be keen on the financial health of the firm. Although these are challenges, the leadership of Gemini is optimistic. They consider the Nasdaq listing as an opportunity to expand and innovate.
To sum up, Gemini’s application to list on Nasdaq is a significant step. The company is in the proper position since it has the support of leading banks and a credit line that is of 150 million with Ripple. This step may predetermine the future of Gemini and the cryptocurrency market in general.
