Gemini’s IPO Rockets with 20x Oversubscription, Yet Proceeds Capped at $425M

Gemini's public debut ignites frenzy—oversubscribed twenty times but hitting a $425 million ceiling.

Market Mania Meets Reality

Investors clamored for a piece of the crypto exchange, flooding the offering with demand that dwarfed the available shares. The oversubscription hit twenty times, signaling massive confidence—or perhaps just fear of missing out on the next big thing.

Proceeds Locked at $425 Million

Despite the explosive interest, Gemini capped the raise at $425 million. A strategic move or a regulatory leash? Either way, it’s a reminder that in finance, even hype has its limits—especially when traditional gatekeepers still hold the keys.

Closing Thought: Wall Street’s appetite for crypto grows, but old habits die hard—capping proceeds might just be their way of keeping the revolution on a tight leash.