Crypto exchange Gemini prices IPO above range to raise $425 million, source says
By Echo Wang
(Reuters) – Gemini Space Station raised $425 million in an initial public offering, pricing its stock above a marketed range, a source familiar with the matter told Reuters on Thursday.
The cryptocurrency firm led by the billionaire Winklevoss twins sold about 15.2 million shares for $28 each after marketing them for $24 to $26, the source said, requesting anonymity ahead of an official announcement.
The IPO values Gemini at $3.33 billion on a non-diluted basis, according to a Reuters calculation. The company did not immediately respond to a request for comment.
The price range was lifted earlier this week from $17 to $19, underscoring robust investor demand.
New York City-based Gemini had capped IPO…
