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Gemini’s Nasdaq Debut Surges 50% as Crypto Appetite Grows on Wall Street
Gemini’s Nasdaq Debut Surges 50% as Crypto Appetite Grows on Wall Street
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BTCCSquare news:
Gemini's stock soared to $40 within hours of its Nasdaq debut under the symbol GEMI, marking a 50% surge from its opening price of $28. The exchange settled NEAR $33 by midafternoon, securing a $1.3 billion market cap. Investor enthusiasm pushed the final offer price beyond initial projections, raising $425 million from 15.2 million shares sold.
The rapid listing—just 10 days after SEC registration—highlights institutional demand for crypto exposure. Gemini's compliance-focused reputation in the U.S. fueled accelerated trading ahead of the IPO. This follows Circle's successful NYSE listing earlier in 2025, signaling a broader trend of crypto-linked firms gaining traction on traditional exchanges.
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