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Gemini Space Station Prices IPO at $28 per Share in Oversubscribed Offering
Gemini Space Station Prices IPO at $28 per Share in Oversubscribed Offering
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BTCCSquare news:
Gemini Space Station, the cryptocurrency exchange founded by the Winklevoss twins, has priced its IPO at $28 per share—above the expected $24-$26 range. The offering, set to trade on Nasdaq under ticker GEMI starting September 12, 2025, was oversubscribed by 20x, raising $425 million through the sale of 15.1 million Class A shares.
Underwriters including Goldman Sachs and Morgan Stanley secured options for additional shares, though Gemini won't benefit from secondary sales. The capital injection marks a pivotal moment for crypto's Wall Street integration, with institutional demand eclipsing expectations.
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