Gemini Soars: IPO Price Range Jumps to $433M, Targets $3 Billion Valuation

Gemini's IPO ambitions just got a major upgrade—pushing the price range to a hefty $433 million while eyeing a sky-high $3 billion valuation.

Market Momentum Builds

Investor appetite appears insatiable as Gemini rides the crypto wave. The numbers speak volumes: that $433 million price range isn't just a figure—it's a statement. And targeting a $3 billion valuation? That's not just ambitious; it's borderline audacious.

Behind the Numbers

This isn't just another IPO—it's a strategic play in a sector hungry for legitimacy. Every digit in that $433 million range has been scrutinized, every decimal point optimized. The $3 billion valuation target? That's the kind of number that makes traditional finance folks clutch their pearls—or maybe just their wallets.

Closing Thought

While Wall Street still debates whether crypto is a revolution or a bubble, Gemini's moving forward with concrete numbers—and apparently, investors are buying it. Literally. Guess when it comes to valuations, in crypto we trust—until the next market correction, anyway.

TLDR

• Gemini increases IPO price range to $433M aiming for $3 billion valuation and listing on Nasdaq.
• Gemini plans to offer 16.67 million shares at $24–$26 per share in its upcoming IPO.
• Nasdaq will purchase $50 million in shares, signaling strong investor interest in Gemini’s IPO.
• Despite losses, Gemini sees increased trading volume and growing interest in crypto exchanges.

Crypto exchange Gemini has raised its initial public offering (IPO) target to $433 million ahead of its upcoming Nasdaq debut, aiming for a valuation of over $3 billion. The updated price range reflects growing investor interest in the crypto sector, as the market sees a surge in support for blockchain-related companies.

The Winklevoss twins, who founded Gemini in 2014, are now preparing the exchange for its public offering, which has garnered significant attention from Wall Street. The updated prospectus, filed with the Securities and Exchange Commission (SEC) on Tuesday, reveals that Gemini intends to sell 16.67 million shares priced between $24 and $26 each, up from the previous range of $17 to $19 per share.

Investor Interest Drives Increased Gemini IPO Offering

Gemini’s move to increase its IPO offering comes amid a broader trend of growing investor interest in cryptocurrency companies. The company’s decision to revise its IPO price highlights the strong backing from Wall Street for crypto-related firms, especially as the sector gains momentum under a friendlier regulatory environment.

In its latest filing, Gemini reported revenue of $68.61 million for the first half of 2025, a slight decrease from the previous year. However, its trading volume for the same period surged to $24.8 billion, a nearly 50% increase year-over-year. Despite the increase in trading volume, Gemini’s net loss grew to $282.47 million, compared to a loss of $41.37 million during the same period in 2024.

While Gemini’s revenue figures reflect the volatility inherent in the crypto market, the company’s growing user base and significant trading volumes indicate a promising future as it moves forward with its public listing.

Backing from Nasdaq and Other Investors

In a key development, Nasdaq has agreed to purchase $50 million worth of shares as part of the private placement, underscoring its confidence in Gemini’s market position. 

This deal positions the exchange as one of the prominent players in the rapidly evolving crypto space. The IPO is being supported by major investment banks, with Goldman Sachs and Citigroup acting as lead bookrunners.

In addition to private placements, Gemini’s IPO will mark the third major crypto exchange to go public. Coinbase, the first crypto exchange to enter the Standard and Poor’s 500 Index earlier this year, was followed by Bullish, whose shares saw a surge of over 200% during its public debut.