Gemini initial public offering (IPO) raises $425 million
Source: CoinWorld
Time: 2025-09-16 15:45:15
Gemini, founded by the Venklevos brothers, raised $425 million in an IPO at an issue price of $28 per share, with a total of 15.18 million shares issued, higher than the expected range of $24-26. The company is listed on Nasdaq under the stock code GEMI, led by Goldman Sachs and Morgan Stanley. After listing, the Vinclairvos brothers will retain 94.5% of the voting control, and some stocks will also be distributed to users and retail investors through platforms such as Robinhood.