Gemini Increases IPO Price Range Ahead of Public Debut

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has revised its IPO price range upward to $24-$26 per share, potentially valuing the company at $3.2 billion. The move signals strong investor appetite for crypto-related equities amid a resurgence of fintech listings.

The New York-based platform now targets a $435 million raise, up from its initial $317 million goal, while maintaining its 16.7 million share offering. Nasdaq's $50 million investment in the IPO underscores growing institutional acceptance of digital asset platforms, with Gemini set to trade under the ticker GEMI.

Regulatory challenges persist as the offering proceeds. CFTC chair nominee Brian Quintenz has alleged improper communication attempts by Tyler Winklevoss regarding an ongoing dispute with the agency. The controversy highlights the delicate balance crypto firms must strike between growth and compliance in an evolving oversight landscape.