Gemini’s IPO Set to Make Waves in Crypto Markets

Gemini, the New York-based cryptocurrency exchange, is poised to go public with a highly anticipated IPO. The firm plans to offer 16.67 million shares priced between $24 and $26, aiming to raise approximately $433 million. Trading is scheduled to commence this Friday.

The offering has already garnered significant interest, with reports indicating it is oversubscribed by up to 20 times. At the upper end of its price range, Gemini could achieve a valuation exceeding $3 billion, joining the ranks of recent successful crypto IPOs like Circle and Bullish.

This MOVE underscores the growing institutional appetite for crypto-related investments. Gemini's public debut marks another milestone in the maturation of digital asset markets, as traditional finance continues to embrace blockchain innovation.