Gemini Crypto Exchange Raises $425 Million in IPO
On September 12, the Winklevoss brothers’ cryptocurrency exchange, Gemini, conducted an IPO, raising $425 million, according to a press release.
The platform sold 15.18 million Class A shares at $28 each, exceeding the planned range of $24-26. The securities were listed under the ticker GEMI on Nasdaq, with support from Goldman Sachs, Citigroup, Morgan Stanley, and Cantor.
Underwriters received a 30-day option to purchase an additional 750,000 shares to cover over-allotments. Nasdaq acquired $50 million worth…
