Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has increased the price range for its upcoming Initial Public Offering (IPO). In an updated S-1 filing, the company announced it plans to sell 16.67 million shares at a price between $24 and $26 per share, a significant increase from the previous range of $17 to $19.
At the top end of the new range, Gemini is set to raise over $430 million, valuing the company at approximately $3.1 billion. The IPO will be underwritten by major financial institutions, including Goldman Sachs, Citigroup, Morgan Stanley, and Cantor. The stock will be listed on the Nasdaq Global Select Market under the ticker symbol GEMI.
This move comes as more crypto-native companies are going public, a trend attributed to a more favorable regulatory environment under the Trump administration. Gemini’s IPO follows those of other crypto firms like the exchange Bullish (BLSH) and stablecoin issuer Circle (CRCL). Additionally, exchange giant Nasdaq has agreed to purchase $50 million worth of shares in a private placement at the IPO price.
September 2025, Cryptoniteuae
