Key Metrics
25.33
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-09-12
Key Impacts
Positive Impacts (6)
Negative Impacts (1)
Event Overview
The cryptocurrency exchange demonstrates strong market confidence with its IPO priced above the expected range. Increased investor demand led to a higher share price and a reduced offering size, reflecting robust interest in the crypto sector.
Collect Records
Gemini Prices IPO at $28 Per Share, Valuing Company at $3.3 Billion
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, priced its initial public offering (IPO) at $28 per share, valuing the company at $3.3 billion. The price was above the expected range of $24 to $26. Due to high demand, Gemini capped the offering at $425 million, selling 15.2 million shares, fewer than the initially marketed 16.67 million. The proposed price was also increased earlier in the week. Gemini is set to list on the Nasdaq under the ticker symbol GEMI. The company and its selling stockholders have granted underwriters, including Goldman Sachs, Citigroup, and Morgan Stanley, a 30-day option to sell additional shares. Gemini currently holds over $21 billion in assets on its platform.
Gemini Sets IPO Price at $28 Per Share, Higher Than Expected
Gemini, a cryptocurrency exchange, has set its IPO price at $28 per share. This price is higher than the initial expected range of $17 to $19. The increase in price is attributed to strong investor demand. Gemini is scheduled to list on the Nasdaq this Friday. Additionally, the exchange has committed to buy $50 million worth of shares in a private placement.