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Crypto exchange Gemini prices IPO above range to raise $425 million

Gemini's IPO, capped at $425 million despite 20-fold oversubscription, values the crypto exchange at $3.3 billion, reflecting strong investor confidence amid market volatility.

  • Gemini Space Station, Inc. has priced its initial public offering at $28.00 per share, aiming to raise $425 million.
  • The IPO includes a 30-day option for underwriters to purchase additional shares to cover over-allotments.
  • Gemini's stock will begin trading on Nasdaq under the ticker symbol 'GEMI' on September 12, 2025.
  • Goldman Sachs & Co. LLC and Citigroup are the lead bookrunners for this offering.
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Crypto exchange Gemini prices IPO above range to raise $425 million

Cryptocurrency firm Gemini Space Station raised $425 million in an initial public offering on Thursday, pricing its stock above a marketed range.

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decrypt.co broke the news in New York, United States on Wednesday, September 10, 2025.
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