Gemini Shatters Expectations: $425 Million Cap After IPO Oversubscribed 20 Times
Gemini just rewrote the crypto playbook—and Wall Street is scrambling to keep up.
The Numbers Don't Lie
Twenty times oversubscribed. That's not just demand—that's a frenzy. Investors threw everything at this offering, pushing Gemini to set a hard cap at $425 million. The market spoke: crypto's not just back, it's leading.
Why This IPO Changes Everything
Traditional finance keeps waiting for crypto to stumble. Instead, they're watching institutions pile into digital asset infrastructure like never before. Gemini's move proves regulated crypto ventures can attract serious capital—while legacy banks still debate whether blockchain is 'real'.
The New Guard Takes Over
Forget waiting for Wall Street's permission. Gemini's oversubscription shows smart money bypasses traditional gatekeepers. They're building the future while skeptics are still reading last year's reports.
Final Take: When your IPO gets oversubscribed twentyfold, you're not just raising capital—you're making a statement. Maybe now the old guard will stop asking if crypto is legitimate and start asking how they missed the boat.
Figure Joins Nasdaq With Strong Debut
Gemini isn’t the only crypto player making headlines this week. Blockchain marketplace Figure Technologies also went public on Nasdaq on Thursday, with shares climbing 24.4% on the first day of trading.
The company raised $787.5 million after multiple price revisions pushed its final offering price to $25, up from the $18 floor. While Figure’s debut was strong, it didn’t match the frenzy seen around Circle and Bullish earlier this year.
Stablecoin issuer Circle raised $1 billion in its IPO, with shares jumping 167% on day one, while crypto exchange Bullish saw its stock surge by as much as 218%.
2025 Shaping Up as the Year of Crypto IPOs
Industry experts say Gemini’s hotly anticipated debut is part of a broader wave of crypto firms tapping public markets in 2025.
Bitwise, a leading crypto ETF issuer, predicted this year WOULD be the “year of crypto IPOs.” Other major players reportedly eyeing listings include Kraken, Anchorage Digital, and Chainalysis.
With investor demand at record highs, Gemini’s listing could set the tone for another explosive season of crypto IPOs.
Also Read: Blockchain Lender Figure Raises $787.5 Million in IPO
