Gemini plans to set the upper limit of IPO fundraising to US$425 million
Source: PANews
Time: 2025-09-12 07:21:11
PANews reported on September 12 that according to Bloomberg, Gemini Space Station Inc., a cryptocurrency exchange owned by Winklevoss brothers, plans to set the base scale limit of the initial public offering (IPO) to $425 million, with an issue price expected to be $24 to $26 per share or more. This IPO oversubscribed by more than 20 times, and plans to issue 16.7 million shares, accounting for approximately 14% of the total share capital after issuance. If the final price is higher than the range, the number of shares issued may decrease. The Gemini founder will still hold about 94.5% of the voting rights. The company announced this week that Nasdaq will invest $50 million through private placement and will allocate up to 30% of new shares to online brokerage clients such as Robinhood.