Gemini IPO price falls due to SEC issuance and Fed rate cuts
Source: CoinWorld
Time: 2025-09-18 18:02:24
Gemini shares fell 12.8% to $24.53, falling below its $28 IPO price amid a widespread sell-off in cryptocurrency stocks and cautious investor sentiment. Although the U.S. Securities and Exchange Commission (SEC) may reach a settlement and the Fed also announced a rate cut, Gemini shares remained on the decline, reflecting ongoing regulatory and market uncertainty.