US EditionWinklevoss twins' crypto exchange Gemini valued at $4.4 billion in strong Nasdaq debut
- On Friday, Gemini, the cryptocurrency exchange founded by the Winklevoss twins, debuted on Nasdaq, opening shares at $37.01 valuing the company at $4.4 billion.
- The IPO was significantly oversubscribed, driven by strong investor interest and occurred amid a resurgent U.S. IPO market benefiting from eased crypto regulations and institutional adoption.
- Gemini raised $425 million by issuing about 15.2 million shares, achieving an initial market value of $4.4 billion, while reporting a $282.5 million deficit for the first six months of 2025.
- Dan Chen, Gemini's CFO, expressed enthusiasm about advancing to a new stage focused on enhancing transparency for both the market and their partners, while continuing to uphold the company’s values developed over the last ten years.
- Gemini's strong market debut reflects favorable conditions from regulatory shifts and institutional demand, suggesting potential growth despite recent financial losses and ongoing sector challenges.
31 Articles
31 Articles
Winklevoss Twins' Gemini Hits $4.4 Billion Valuation In Strong Nasdaq Debut - Bullish (NYSE:BLSH), Coinbase Global (NASDAQ:COIN)
Shares of Gemini Space Station Inc. (NASDAQ:GEMI) surged 32.2% during their first day of trading on Friday, bringing the cryptocurrency exchange’s total value to $4.4 billion and signaling a renewed interest from investors in digital assets. Check out the current price of GEMI stock here. Strong Market Opening Above IPO Price The company's shares debuted at $37.01, significantly higher than the initial public offering price of $28. Gemini raise…
Gemini co-founders tout 'golden age of innovation' amid Trump's pro-crypto policies
Two major leaders in cryptocurrency are excited about the future of Bitcoin and are crediting President Donald Trump for fueling its recent growth.Gemini co-founders Tyler and Cameron Winklevoss, fresh off their company's debut on Nasdaq and $3 billion market cap, touted their cooperation with the Trump administration's pro-cryptocurrency posture."This administration and President Trump are obviously very pro-crypto, pro-business and pro-innovat…
Gemini’s exciting debut in the Nasdaq this Friday made an impressive impression by jumping with an approximate $4.4 billion rating. This financial movement stands out in a year full of shocking IPOs in the cryptocurrency sector. According to the original report, the initial price set for Gemini shares was $28, but quickly skyrocketed, opening to $37.01 per share, representing a 32% increase from its initial offer price. Originally, Gemini was as…
Winklevoss twins' crypto exchange Gemini valued at $4.4 billion in strong Nasdaq debut
Gemini Space Station shares jumped 32.2 per cent in their Nasdaq debut on Friday, giving the cryptocurrency exchange a valuation of $4.4 billion and capping a bright week for digital asset companies in a resurgent U.S. IPO market.The company's shares opened at $37.01, above an already raised IPO price of
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