Gemini IPO Soars at $28, Valued at $3.3B
Gemini launches IPO at $28 per share, raising $425M with huge demand and a $3.3B valuation.
- Gemini IPO priced at $28 per share
- Offering oversubscribed 20×, raising $425M
- Nasdaq, Goldman Sachs, and Citi joined the deal
Gemini has officially made its public market debut, pricing its IPO at $28 per share. The crypto exchange raised $425 million through the sale of 15.2 million shares, giving it a valuation of around $3.3 billion.
The demand was extraordinary, with the IPO being 20 times oversubscribed, signaling strong investor confidence in Gemini’s growth prospects. The stock began trading today on the Nasdaq under the ticker symbol GEMI.
Big Backers Join the Offering
The offering drew attention from major financial institutions. Nasdaq itself bought $50 million worth of shares, showing direct support for Gemini’s entry into public markets. Global banking giants Goldman Sachs, Citi, Morgan Stanley, and Cantor Fitzgerald served as underwriters for the offering, further cementing its credibility.
This level of institutional participation highlights how traditional finance is increasingly embracing the crypto sector. Gemini’s IPO stands as one of the most high-profile crypto listings in recent years.
What the IPO Means for Gemini
The successful debut gives Gemini a strong financial foundation to expand its services and compete with other major exchanges. With $425 million in fresh capital, the company is positioned to accelerate product development, strengthen compliance measures, and potentially enter new markets.
For investors, Gemini’s IPO represents another step in the mainstream adoption of digital asset companies. Its oversubscribed offering also reflects growing optimism about the long-term role of crypto in global finance.
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