Gemini Sets IPO Share Price at $28 for Nasdaq Debut
- Gemini sets its IPO share price at $28, aiming to raise $425 million.
- The company’s valuation is projected to exceed $3 billion post-IPO.
- Winklevoss twins will retain over 94% ownership after the public offering.
- 15,178,572 shares will be offered, with an additional option of up to 758,929 shares.
- Up to 30% of shares are allocated for retail investors through platforms like Robinhood and SoFi.
Gemini’s strategic adjustments in its IPO reflect a focus on enhancing access for smaller investors while maintaining strong insider control. The company’s approach aims to diversify participation in the cryptocurrency exchange market amid evolving market conditions.
With a targeted raise of $425 million and a share price set at $28, Gemini is positioned for significant growth as it enters public markets while ensuring substantial ownership remains with its founders.
