Workflow
Another crypto IPO rallies as stock surges 40%
Yahoo Finance·2025-09-13 06:22

Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, made a strong public debut on Sept. 13 with shares trading above 40ontheNasdaq.Therallybrieflypushedthefirmsvaluationtoaround40 on the Nasdaq. The rally briefly pushed the firm’s valuation to around 4.7 billion. The listing, under the ticker GEMI, follows a wave of successful crypto IPOs this year, including blockchain lender Figure Technology Solutions and USDC issuer Circle. Gemini raised about 425millionaheadoftradingbysellingover15millionClassAsharesat425 million ahead of trading by selling over 15 million Class A shares at 28 each, beating its ...