Aug. 17 at 11:41 PM
$GEMI Hardly has any value now when you factor in the short interest. Maybe worth 300 Million in the open market? Wall Street banks pulled a fast one. It was their job as underwriters to research the IPO. They did and somehow come up with a 2.2 Billion dollar value. Then walked the price down for 11 straight months so far. Goldman the most interesting with PT's 28 25 22 19 16 6 4 now 3.50. Slow methodical stair step. Obviously they knew the business model was a money loser.
Banking Heavyweights Lead the Deal
A roster of Wall Street giants is lined up to back the transaction. Goldman Sachs and Citigroup are acting as lead bookrunners, joined by Morgan Stanley and Cantor.
https://cryptonews.com/news/gemini-ipo-2-22b-valuation-will-winklevoss-pull-it-off/