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Gemini Makes Nasdaq Debut with $4.4B Valuation, Signaling Crypto’s Mainstream March
Gemini Makes Nasdaq Debut with $4.4B Valuation, Signaling Crypto’s Mainstream March
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BTCCSquare news:
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, launched on Nasdaq under the ticker GEMI in a landmark moment for digital asset markets. The IPO raised $425 million at $28 per share, but trading opened sharply higher at $37.01—a bullish reception that pushed the firm's valuation to $4.4 billion.
Nasdaq's $50 million private placement investment underscores growing institutional validation, while the Winklevoss twins retain 94.5% voting control. The offering included unprecedented 30% retail access through platforms like Robinhood, democratizing participation in crypto's Wall Street coming-of-age.
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