Gemini Space Station Inc. increased its initial public offering (IPO) target to $433.3 million after oversubscribed demand prompted a price range increase to $24-$26 per share from the original $17-$19 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 ...

(Bloomberg) — Gemini Space Station Inc. increased the potential size of its initial public offering to $433.3 million, after the oversubscribed listing drew a private placement from another exchange operator. Most Read from Bloomberg The cryptocurrency firm led by the billionaire Winklevoss twins raised the price range to $24 to $26 per share from $17 to $19, according to a filing with the US Securities and Exchange Commission on Tuesday. The company is still offering 16.7 million shares in the IPO. Tyl ...