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Gemini Space Station, a crypto company founded by Cameron and Tyler Winclevos, priced its first public offering late Thursday at $28 per share
The company priced the offering beyond the expected range of $24 to $26, valued the company at $3.3 billion.
15.2 million shares have been sold to close the offering’s value at $425 million. This was a measure of high demand for Crypto Company, which initially sold 16.67 million shares. Earlier this week, the proposed price range increased between $17 and $19.
The results of the pricing were first reported by Bloomberg.
The company and sales shareholders have recognized underwriters of Goldman Sachs, Citigroup and Morgan Stanley, a 30-day option, with 452,807 shares and 380,526 shares respectively, for each registration form. Gemini stocks trade on the Nasdaq under the ticker symbol “Gemi”.
Up to 30% of the stock offered will be reserved for retail investors Robin Hood, SophieHong Kong-based Futu Securities, Moomoo US, Webull and other platforms.
Operating primarily as a cryptocurrency exchange, Gemini was founded in 2014 by the Winklevos brothers and owns more than $21 billion in assets on its platform at the end of July.
Early trading gives the market a sense of time when it can continue with the Crypto IPO party. Circle Internet and strong The listing was successful, but there was a recent integration into the prices of blue chip cryptocurrencies such as Bitcoin and Ether. Also, in contrast to the profitability of these companies, Gemini has reported an increase in losses, particularly in 2025. With each registration with the Securities and Exchange Commission, Gemini recorded a net loss of $159 million in 2024, losing $283 million in the first half of this year.
However, this week, Gemini received a big vote of institutional trust. Nasdaq He said he has made a strategic investment of $50 million at Crypto Company. NASDAQ is looking to provide clients with access to Gemini’s management services and acquire distribution partners for the trade management system known as Calypso.
Gemini also offered crypto back credit cards and launched another card last month in a partnership with Ripple. The latter won over 30,000 credit card sign-ups in August. According to S-1 filing, there were new monthly highs, more than twice the number of credit card sign-ups the previous month.
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