Crypto exchange Gemini set to raise $425M after pricing its IPO at $28 per share
Cryptocurrency exchange operator Gemini Space Station Inc. has priced its initial public offering at $28 per share, valuing it at $3.3 billion, according to a report by Bloomberg.
The report cited a person familiar with the matter as saying that Gemini decided to price the offering above its expected range of $24 to $26, capping its value at $425 million.
Gemini was founded in 2014 by twins Tyler and Cameron Winklevoss, who had earlier filed a high-profile intellectual property lawsuit against Mark Zuckerberg over Facebook. It operates an exchange that allows users to buy and sell more than 70 cryptocurrencies. It also provides access to crypto derivatives, digital assets that derive their value from cryptocurrencies.
The IPO is…
