Gemini Stock Opens Above IPO Price, Then Slips, in Trading Debut
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Shares of crypto exchange Gemini hit the public markets today.
Shares of Gemini (GEMI) popped on their trading debut, then gave up some ground.
The crypto exchange’s stock, which opened at $37—well above its $28 IPO price—recently traded around $36, off earlier highs near $46. Twin brothers Tyler and Cameron Winklevoss, the company’s founders, rang the opening bell at the Nasdaq in New York City Friday wearing t-shirts picturing a rocket in space.
Gemini, founded in 2014, set its IPO price overnight, arriving above an already-boosted expected range of $24 to $26. The company, officially known as Gemini Space Station, sold 15.1 million Class A shares, fewer than previously…
