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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Gemini's stock rally shows it's a great week to IPO
Craig T Fruchtman/Getty ImagesGemini Space Station stock soared as much as 42% on Friday.The crypto exchange priced its IPO at $28 a share and raised $425 million.Shares of Klarna also popped earlier this week following its IPO. The move: Gemini Space Station stock soared as much as 64% to a high of $45.89 in its first day as a public company. The crypto exchange founded by Cameron and Tyler Winklevoss priced its initial public offering at $28 a…
Winklevoss twins' Gemini stock jumps over 30% in NYSE debut after pricing IPO above range
Shares of Gemini Space Station, the billionaire Winklevoss twins' crypto firm, jumped about 32% at the open Friday in the company’s New York Stock Exchange debut -- trading at $37.01 on the Nasdaq under the ticker symbol "GEMI."
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