Gemini Adjusts IPO Pricing for a $3 Billion Valuation
- Gemini has revised its IPO pricing, targeting a valuation exceeding $3 billion.
- The new stock price range is set between $24 and $26 per share.
- The anticipated fundraising from the IPO could reach up to $433 million.
- Originally, Gemini planned to issue shares priced at $17 to $19, aiming for a valuation of $2.2 billion.
- Shares will debut on Nasdaq under the ticker symbol GEMI on September 12, 2025.
This adjustment reflects a growing trend in the US cryptocurrency sector towards public offerings, following notable market entries like Circle’s USDC issuance. The increase in Gemini’s share price range indicates strong market interest and potential investor confidence.
With the revised plan, Gemini seeks to raise approximately $433 million while achieving a valuation as high as $3.1 billion upon successful sales of its shares.(Source)
