Gemini Soars on Nasdaq Debut 🚀

[chainsniff]

Crypto exchange Gemini priced its IPO at $28 per share, selling 15.2M shares to raise $425M. Demand was huge — 20× oversubscribed, according to Reuters — with Nasdaq itself among the investors.

Founders Tyler and Cameron Winklevoss retain around 75M shares (~$2.78B). Trading under ticker GEMI, the stock opened 32% higher at $40 before easing to $33.

Gemini’s listing rides a wave of renewed crypto interest amid softer U.S. regulations. Still, the company posted a $282.5M net loss in H1 2025.

The Winklevoss twins, famous for their Facebook legal battle, have built Gemini into a top-16 global crypto exchange (CoinGecko ranking) since launching it in 2015.

#Gemini #IPO #Crypto #Nasdaq #Winklevoss