Gemini IPO: Will Gemini Crypto Stock Trade in 2025?

Explore opportunities to invest in the Gemini IPO. Will the Winklevoss twins invite Gemini customers to participate in the IPO or reserve shares for the New York investment banks and their wealthiest customers?

Robinhood and TradeStation are potential brokers that will offer IPO access. 

Invest in pre-IPO companies like OpenAI, Databricks, Anthropic, and Anduril via the Fundrise Innovation Fund*. U.S.-based investors 18+ are eligible to invest for a $10 minimum.

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Recent Gemini News

03/07/2025: Winklevoss Twins’ Gemini Files Confidentially for IPO
02/06/2025: Crypto Exchange Gemini Is Said to Weigh IPO
02/28/2024: Gemini to return $1.1bn to customers
11/18/2021: Gemini Raises $400 Million at $7.1 Billion Valuation

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About Gemini

Gemini Trust Company, LLC  is a cryptocurrency exchange and coin custodian.

The company was founded in 2014 by Cameron and Tyler Winklevoss with a “security-first” mentality, aiming to create simple, elegant, and secure ways for individuals and institutions to engage with cryptocurrencies.

The Winklevoss twins are also known for their lawsuit against Facebook and their 2008 Olympic rowing appearance. 

Gemini supports trading in over 70 cryptocurrencies and offers its own stablecoin, the Gemini dollar. Other products include a trading platform, crypto staking, institutional services, and a credit card.

In the competitive landscape, Gemini stands out for its strong regulatory stance and comprehensive service offerings, positioning itself as a reliable partner in the crypto market.

Gemini faced a government lawsuit due to launching its Gemini Earn product without appropriate regulatory approval. Its lending partner in the service, Genesis Global Capital, filed for bankruptcy in 2023, and Gemini agreed to return $1.1 billion to customers. 

Ownership

The Winklevoss twins primarily own Gemini. Though specific details are not publicly available, the twins likely maintain a majority of ownership and voting rights. 

Upon its release, the SEC S-1 filing will disclose specific ownership information. 

Gemini has raised only one venture capital funding round in November 2021, led by Morgan Creek Digital. Other participants included 10T, ParaFi, Newflow Partners, Marcy Venture Partners, and the Commonwealth Bank of Australia. 

Employees likely make up the balance of Gemini ownership. 

Funding Rounds

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Valuation

The latest confirmed Gemini valuation is $7.1 billion based on the November 2021 Series A funding round. 

November 2021 was the peak of the private market and fintech euphoria. The raise was likely overvalued at the time.

The SEC filing will give us an update on where financials stand today. Secondary marketplace transactions are scarce at this time, providing no valuation estimates.

IPO Potential

The specific Gemini IPO date is still unknown. But the company went from “considering an initial public offering as soon as this year” as reported by Bloomberg on February 6th, 2025, to filing confidentially one month later (March 7th). 

Aspiring public companies like StubHub moved quickly as the IPO window may not last. 

All indications point to a Gemini IPO as soon as this summer. The specific timing of its IPO will depend on feedback from the SEC and the progress of other fintech IPOs such as Klarna, eToro, Kraken, and Circle.

Goldman Sachs and Citigroup will lead the deal. 

How to Invest in Gemini Stock

Most individuals cannot own Gemini stock via pre-IPO investing platforms because of the SEC accreditation requirement. 

Furthermore, having raised private funding only once and headed into an IPO, finding shares for sale at this stage is unlikely. The Winklevoss twins maintain majority ownership.

If employees own substantial shares, their liquidity may be limited, and most will want to wait for the IPO. 

Therefore, the most likely way investors can own Gemini stock is to wait for the IPO and buy shares after it goes public.

Driven pre-IPO investors may find other opportunities to own the company before the IPO. 

Here are some potential options for owning Gemini stock before, during, and after the IPO.

1. Participate in the Gemini IPO through a broker

When a company goes public, investors can sometimes buy the stock during the IPO at the IPO price. 

Before, only Wall Street’s top customers could invest in IPOs. But now, retail investors can access IPOs through participating discount brokers. 

Some online brokers (like the ones listed below) allow investors to invest in IPOs for free, even if they have limited funds in their accounts.

• TradeStation 
• Robinhood 

Brokers secure exclusive IPO share access, and having multiple brokerage accounts can improve your chances of receiving an allocation with high-demand IPOs.

TradeStation and its partner Click Markets have facilitated over 400 IPOs and secondary offerings, while Robinhood leverages Silicon Valley networks for high-profile IPO allocations.

Gemini is a New York-based company and will tap into the network of the lead bookrunners to sell the deal. 

Explore the best brokers for IPO investing to learn more about retail investor access.

2. Participate in the Directed Share Program (If Available)

Gemini may offer a directed share program as part of its IPO, though this is far from certain.

When companies file their S-1 with the SEC, they sometimes allocate IPO shares to executives, affiliates, or key contributors to their growth.

Given Gemini’s reliance on retail customers for growth, it’s possible they could extend this perk to users, as other companies have done:

• Uber offered shares to drivers with a certain number of trips.
• GoPro provided shares to its email list.
• Airbnb gave shares to hosts.
• Reddit offered shares to engaged users. 
• Robinhood offered IPO shares to customers.

With its strong user base, Gemini is in a position to do the same. 

The presence of a directed share program for customer IPO access will determine who the Winklevoss twins care about more: well-connected New York elite investors or Gemini customers.

If you have an account with Gemini, monitor your associated email account for an offer when the IPO terms are updated, usually about ten days before the IPO date.

Bookmark this page for updates.

3. Access Gemini Stock pre-IPO

Accredited investors may access pre-IPO investment opportunities, provided they are registered on various platforms.

Monitor pre-IPO investing platforms such as Hiive, Forge Global, EquityZen, and Linqto for share availability. 

Investment minimums range from $1,000 to $50,000 or more on these platforms. 

However, volume for Gemini stock shares has been limited due to the Winklevoss’s tight hold on the equity and limited cap table.

Pre-IPO investment platform memberships are free, but deal-specific minimum investment amounts may apply and vary.

Non-accredited investors can invest in pre-IPO companies via venture capital funds targeted to retail investors.

The Fundrise Innovation Fund* (review) is the most promising for patient, long-term investors.

Gemini is not currently held in the Fund. But the company has indicated that financial technology companies will be a foundational target sector.

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

4. Buy the stock after the Gemini IPO

Waiting for the IPO has advantages, like access to detailed financials after the first quarter of trading. Pre-IPO investing often has limited financials for individual investors. 

High-demand IPO companies may have exaggerated valuations. Investors can benefit by attempting to sell near the peak but may suffer when prices revert to fair valuations. Timing the market is always challenging. 

IPOs often start with high valuations, but stock prices may fall after the first and second-quarter earnings reports expose significant numbers and trends.

Stock price declines can be excellent entry points for recent IPO stock. Avoid buying overvalued shares immediately after the IPO due to lockup expirations and earnings disappointments.

However, the most disruptive companies may perform better over a decade, so patience is key.

Frequently Asked Questions (FAQs)

Is Gemini Publicly Traded?

No. Gemini is not publicly traded. It is a private startup. 

What is the Gemini Stock Price?

A public Gemini stock price does not exist. 

The November 2021 Series A funding round closed at an undisclosed Gemini stock price. 

What is the Gemini Stock Symbol?

We’ll learn the Gemini stock symbol when the company releases its IPO filing to the public.

The company has not yet indicated what its ticker symbol will be, but we can speculate.

Here are some Gemini ticker symbol suggestions that are available in the U.S.:

• GEMN
• TWNS
• VOSS
• WNKL

Where is the Gemini IPO S-1 Filing?

The Gemini S-1 filing is not yet public. The company filed confidentially for an IPO in March 2025, indicating a public offering may be forthcoming in 2025.

It will be available once submitted to the SEC and approved.

We’ll post it here when it’s released.

You can monitor the most recent S-1 IPO filings on this website.

Conclusion

The Gemini IPO represents more than just another crypto exchange going public — the deal will test whether the Winklevoss twins prioritize everyday investors (customers) or Wall Street elites.

With a history of strong security and regulatory focus, Gemini has positioned itself as a trusted name in crypto, but past controversies could impact investor confidence. As always, investors will scrutinize the S-1 filing. But will the veil of a crypto-friendly administration combined with one of the first crypto pure-play IPOs lead to irrational buyers?

The success of its IPO will depend on market conditions, fintech IPO trends, and SEC feedback. Retail investors may have limited access to early shares unless Gemini offers a directed share program to customers.

Secondary markets are dry, so most investors must wait until after the IPO to invest.

Long-term investors should assess Gemini’s financials and competitive position without the veil of loosened regulation before investing. Whether Gemini becomes a public success story or struggles post-IPO will reveal much about the future of crypto-native companies on Wall Street.