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Gemini Space Station, a crypto company founded by Cameron and Tyler Winklevoss, priced its first public offering at $28 per share later Thursday, according to Bloomberg.
Those familiar with the offer told news services that the service was priced above the expected range of $24-26.
According to the report, Gemini acquired the value of its offering for $425 million, resulting in 15.2 million shares being sold. This was a measure of high demand for Crypto Company, which initially sold 16.67 million shares. Earlier this week, the proposed price range increased between $17 and $19.
A Gemini spokesman could not confirm the report.
The company and sales shareholders have recognized underwriters of Goldman Sachs, Citigroup and Morgan Stanley, a 30-day option, with 452,807 shares and 380,526 shares respectively, for each registration form. Gemini stocks trade on the Nasdaq under the ticker symbol “Gemi”.
Up to 30% of the stock offered will be reserved for retail investors Robin Hood, SophieHong Kong-based Futu Securities, Singapore’s Moomoo Financial, Webull and other platforms.
Operating primarily as a cryptocurrency exchange, Gemini was founded in 2014 by the Winklevos brothers and owns more than $21 billion in assets on its platform at the end of July.
Early trading gives the market a sense of time when it can continue with the Crypto IPO party. Circle Internet and strong The listing was successful, but there was a recent integration into the prices of blue chip cryptocurrencies such as Bitcoin and Ether. Also, in contrast to the profitability of these companies, Gemini has reported an increase in losses, particularly in 2025. With each registration with the Securities and Exchange Commission, Gemini recorded a net loss of $159 million in 2024, losing $283 million in the first half of this year.
However, this week, Gemini received a big vote of institutional trust. Nasdaq He said he has made a strategic investment of $50 million at Crypto Company. NASDAQ is looking to provide clients with access to Gemini’s management services and acquire distribution partners for the trade management system known as Calypso.
Gemini also offered crypto-assisted credit cards and launched another card last month in a partnership with Ripple. The latter won over 30,000 credit card sign-ups in August. According to S-1 filing, there were new monthly highs, more than twice the number of credit card sign-ups the previous month.
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