Workflow
Gemini Raises IPO Target to $433M at $3.1B Valuation After Strong Investor Demand
Yahoo Finance·2025-09-10 17:36

Gemini Space Station Inc. increased its initial public offering (IPO) target to 433.3millionafteroversubscribeddemandpromptedapricerangeincreaseto433.3 million after oversubscribed demand prompted a price range increase to 24-26persharefromtheoriginal26 per share from the original 17-19range.AccordingtotheBloombergreport,theWinklevosstwinscryptoexchangeachieveda19 range. According to the Bloomberg report, the Winklevoss twins’ crypto exchange achieved a 3.1 billion valuation at the top of the elevated range. Nasdaq committed $50 million in a private placement at the IPO price, contingent on successful closing. The investment adds credibility while establishing par ...