Workflow
Gemini Stock Jumps 45% in Early Trades After IPO
Yahoo Finance·2025-09-13 01:47

Shares of Gemini (GEMI) opened at 41ashareontheNasdaqGlobalSelectMarketonFriday,rising4541 a share on the Nasdaq Global Select Market on Friday, rising 45% from last night's IPO price. The crypto exchange, which is run by Tyler and Cameron Winklevoss, priced its IPO at 28 a share, valuing the company at around 3.3billion.Ithadsold15.2millionshares,raising3.3 billion. It had sold 15.2 million shares, raising 425 million. Gemini posted a net loss of 283millioninthefirsthalfoftheyear.Thatfollowsa283 million in the first half of the year. That follows a 159 million loss for all of 2024, according to the company’s latest financials. Despite the ...