Gemini IPO demand is huge, with financing amounts of US$425 million
Source: CoinWorld
Time: 2025-09-12 09:25:05
Gemini's IPO received oversubscribed oversubscribed over 20 times, with the issue price range rising from $17-19 to $24-26. The $3.1 billion cryptocurrency exchange will be listed on the Nasdaq on Friday under the GEMI code, and despite strong demand, the fundraising cap is only $425 million. Despite Gemini's past transaction volumes of $285 billion, the company reported a net loss of $282.5 million in the first half of 2025.