Gemini Raises IPO Price Range Ahead of Nasdaq Listing
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has increased its anticipated IPO price range to $24-$26 per share. The upward revision signals strong investor demand, with the offering now poised to raise over $430 million at a $3.1 billion valuation.
The Nasdaq-listed debut comes amid a wave of crypto firms going public, following Bullish and Circle's recent listings. Institutional interest appears robust, with Nasdaq itself committing to a $50 million private placement at the IPO price.
Goldman Sachs, Citigroup, and Morgan Stanley are leading the underwriting syndicate, underscoring Wall Street's growing embrace of digital asset ventures. The listing under ticker GEMI marks another milestone in crypto's march toward mainstream financial acceptance.
