Gemini IPO application disclosed: net loss of $282.5 million in the first half of the year, plans to list on Nasdaq

ChainCatcher news, according to The Block, the public S-1 filing of the cryptocurrency exchange Gemini was released on August 15, revealing that the company plans to go public on Nasdaq under the ticker symbol GEMI. The document shows that Gemini expects a net loss of $282.5 million in the first half of 2025, compared to a loss of only $41.3 million in the same period of 2024. Additionally, Gemini reached a credit agreement with Ripple in July 2025, worth up to $75 million, to be paid in Ripple's RLUSD stablecoin.