Gemini Exchange Raises IPO Price Range Ahead of Nasdaq Listing

Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has increased its IPO price range to $24-$26 per share, up from $17-$19. The move could raise over $430 million, valuing the company at $3.1 billion. The listing is scheduled for Friday on the Nasdaq under the ticker GEMI.

Goldman Sachs, Citigroup, Morgan Stanley, and Cantor Fitzgerald are leading the offering, with Nasdaq committing to a $50 million private placement. The higher pricing reflects growing institutional confidence in crypto-related public offerings, following recent listings by Bullish and Circle.

This IPO marks a pivotal moment for Gemini, positioning the Winklevoss-led exchange among the key players in the digital asset space. The move underscores the maturation of crypto markets and their increasing integration with traditional finance.