Gemini Increases IPO Price Range to $24-$26 Per Share
- Gemini plans to sell 16.67 million shares at $24-$26 each, raising over $430 million.
- The previous price range was set at $17-$19 per share.
- This IPO values Gemini at approximately $3.1 billion.
- Goldman Sachs, Citigroup, Morgan Stanley, and Cantor are lead underwriters for the offering.
- Nasdaq has agreed to purchase $50 million of shares at the IPO price.
- The stock will trade on the Nasdaq Global Select Market under the ticker symbol GEMI.
Gemini’s updated IPO reflects a growing trend among crypto companies seeking public listings amid favorable regulatory conditions. The increase in share price range indicates strong market interest and potential investor confidence in the exchange’s future performance.
With an expected raise of over $430 million, Gemini aims to capitalize on its valuation of about $3.1 billion as it prepares for its public debut.(Source)
