Gemini completes $425 million IPO financing, issuing approximately 15.2 million shares at $28 per share
Source: PANews
Time: 2025-09-12 09:06:11
PANews September 12th news, according to Bloomberg, the cryptocurrency exchange led by Winklevoss brothers, raised $425 million through an initial public offering (IPO), issuing about 15.2 million shares, priced at $28 per share, higher than the previous range of $24 to $26. The company's latest financial report shows that it had a net loss of US$283 million and revenue of US$68.6 million in the six months ended June 30. Nasdaq subscribes $50 million in shares at an IPO price, with up to 10% of the shares being allocated to long-term users, management and employees. Retail investors can participate through platforms such as Robinhood, SoFi and Webull.