Gemini receives $50 million in Nasdaq, and IPO plans accelerate
Source: ChainCatcher
Time: 2025-09-09 20:06:03
According to ChainCatcher, cryptocurrency exchange Gemini has received up to $50 million in investment from Nasdaq through a private placement transaction as it prepares for its IPO. The documents show that Gemini has reached an agreement with Nasdaq, which will acquire its Class A common stock. The transaction's price per share is equal to Gemini's IPO price minus the underwriting discount and commission and is expected to be completed immediately after listing. Gemini plans to raise up to $316.7 million in its debut, issuing 16.7 million shares, with an issue price range of $17 to $19 per share.