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Gemini Crypto Exchange IPO Pops 14% as Winklevoss Twins Predict $1M Bitcoin
Yahoo Finance·2025-09-13 20:01

Gemini Space Station, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, surged in its Nasdaq debut Friday after raising 425millioninaninitialpublicoffering.ThecompanypriceditsIPOlateThursdayat425 million in an initial public offering. The company priced its IPO late Thursday at 28 a share, valuing Gemini at about 3.3billionbeforetradingbegan.Thatpricewasabovetherevised3.3 billion before trading began. That price was above the revised 24 to 26rangeitsetearlierintheweekandwellabovetheinitial26 range it set earlier in the week and well above the initial 17 to 19range.Theofferingcovered15.2millionshares.OnFriday,thestockopenedat19 range. The offering covered 15.2 million shares. On Friday, the stock opened at 37.01, a 32% pr ...