Gemini Space Station, Cryptocurrency Founded by Tyler and Cameron Winklevoss, rose in his Nasdaq debut Friday after gathering $ 425 million in a first public offer.
The company is pricing its stock exchange listing late Thursday to $ 28 per Share, as Gemini valued Gemini to about $ 3.3 billion before the trade began. This price was over the revised $ 24 to $ 26 range it set earlier in the week and well over the first $ 17 to $ 19 rack. The offer covered 15.2 million shares.
On Friday, the share opened at $ 37.01, a 32% premium at the offer price. Shares rose as high as $ 45.89 during intraday trade before settling at $ 32, still 14% above the IPO level at the end.
Gemini, headquartered in New York, runs a package of cryptic issues, including a spot exchange, custody of institutions, a US dollar stacked stablecoin, a crypto reward card and intervention products. From the end of July, the company had more than $ 21 billion assets on its platform. Arlinger shows Gemini lost $ 159 million in 2024 and $ 283 million in the first half of 2025.
The Winklevoss brothers who became the first Bitcoin billionaires after early investment in cryptocurrency appeared on CNBC’s “Squawk Box” in the morning for the IPO. Tyler Winklevoss described Bitcoin as “Gold 2.0” and said the adoption remains in the “first.” He and his brother expected Bitcoin to reach $ 1 million within the next decade.
Gemini’s list follows them from Coinbase (COIN) In April 2021 and Bullish (BLSH)There owns Coindesk last month.
