Gemini raises $425 million in IPO to sell approximately 15.2 million shares at $28 per share
Source: ForesightNews
Time: 2025-09-12 08:58:25
According to Bloomberg, sources revealed that crypto trading platform Gemini raised $425 million through an initial public offering (IPO), its issue price is higher than the recommendation range and has reduced the issuance scale. Gemini sold about 15.2 million shares on Thursday for $28 per share, after a previous issue price range of $24 to $26 per share. The prospectus shows that Nasdaq has agreed to subscribe to $50 million in stock through private placement at the IPO price. Gemini will reserve up to 10% of the IPO share to long-term users, management, employees, and family groups, and allocate up to 30% to retail investors participating in subscription through proprietary investment platforms such as Robinhood Markets Inc., SoFi Technologies Inc. and Webull Corp.