CEX launches its first IPO on the US stock market, with the stock code "GEMI".

On September 2, according to a report by PR Newswire, the Crypto Assets platform CEX announced that it has submitted an S-1 registration statement to the SEC for an initial public offering of 16,666,667 shares of Class A common stock. In connection with this issuance, CEX and its selling shareholders plan to grant the underwriters a 30-day Options to purchase up to an additional 2,396,348 shares and 103,652 shares of Class A common stock, respectively, to cover over-allotments. The initial public offering price is currently expected to be between $17.00 and $19.00 per share of Class A common stock. CEX has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "GEMI." Goldman Sachs, Citigroup, Morgan Stanley, and Cantor are serving as lead underwriters, with Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, Needham & Company, and Rosenblatt serving as underwriters, and Academy Securities, AmeriVet Securities, and Roberts & Ryan serving as co-managers.