According to The Block, cryptocurrency exchange Gemini has "secretly submitted a draft registration statement" to the US SEC, which is related to the proposed Class A common stock IPO. The statement states that the number of Class A common shares to be issued and the price range for issuance have not yet been determined. The initial public offering (IPO) is expected to take place after the completion of the review process by the US Securities and Exchange Commission, depending on market and other conditions. ”Previously, Circle submitted its IPO application in April and began trading this week. According to reports, cryptocurrency exchange Kraken is also considering applying for an IPO.
