Figure Technology Solutions is aiming to raise approximately $526 million in its IPO, while Gemini seeks to secure up to $361 million. Both companies recently updated their IPO filings, highlighting the growing interest in the crypto IPO market.

Gemini has filed for an IPO on Nasdaq under the ticker GEMI, revealing a significant net loss of $282.5 million in the first half of 2025, compared to $41.3 million in the same period last year. The filing also includes plans to transition most users to a Florida-based unit called Moonbase and a new credit agreement with Ripple worth up to $75 million.

Crypto exchange Gemini, founded by Cameron and Tyler Winklevoss in 2014, has filed for an initial public offering on the Nasdaq Global Select Market under the ticker symbol "GEMI." This filing comes on the heels of the company's efforts to expand its presence in Europe.