Gemini’s $425M Blockbuster IPO Is Double Trouble for Crypto Naysayers
Crypto’s IPO hot streak is showing no signs of cooling after Gemini Space Station GEMI shattered expectations with its Nasdaq debut. The stock closed its first day of trading at $32 per share, a 14% bump from its IPO price. It held those gains on Monday, its first full day of trading.
This is the latest in a string of successful IPOs from an industry that has struggled through a series of high-profile scandals and collapses. Bullish BLSH and Circle Internet CRCL saw huge price jumps following their public debuts. On Thursday, the stock price for blockchain-based lender Figure Technology Solutions FIGR rose over 24% during its first day of trading.
“Many felt the space was lackluster for exits and there weren’t any more potential…
