GEMINI shares soared 24% on the first day of listing in Nasdaq as cryptocurrency IPO boom heats up

Gemini (GEMI) soared 24% on the first day of listing on Nasdaq, raising $425 million at $28 per share, well above its initial target range. The IPO valued the cryptocurrency exchange at $1.3 billion, reflecting strong institutional demand. The listing is part of the 2025 cryptocurrency IPO wave, with Circle and Figure also gaining sharp first-day gains.