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September 12, 2025
Gemini Stock IPO: Gemini is preparing for a strong debut when trading kicks off. The crypto platform, started by twins Cameron and Tyler Winklevoss, set its IPO at $28 per share overnight.
This topped the earlier estimated range of $24 to $26. Operating under the name Gemini Space Station, the company sold 15.1 million Class A shares.
That’s slightly fewer than expected, but at a higher price. The deal brought in $425 million, the company said.
Gemini shares are set to start trading on Nasdaq today under the symbol "GEMI." The IPO looks poised for a strong debut. The company recently secured a $50 million private investment from Nasdaq.
It also raised its expected IPO range in the past few days. Investor interest has been intense. Reports say demand for the shares exceeded supply by more than 20 times.
Gemini’s IPO sets its market value at around $3.3 billion. The company goes public following other major crypto players.
These include the stablecoin provider Circle (CRCL) and the digital assets platform Bullish (BLSH) for institutions.
Gemini is a well-known crypto exchange in the U.S. It offers a credit card that earns crypto rewards and has its own stablecoin.
Its trading volume is far smaller than Coinbase (COIN). Still, the company sees strong growth opportunities ahead. Gemini plans to expand in tokenization and card payment services.
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