Particle.news
Download on the App Store
28 ARTICLES
·
last wk.

Gemini Lifts IPO Price Range to $24–$26 Ahead of Nasdaq Debut

Reports cite a $50 million Nasdaq private placement linked to a broader partnership that Nasdaq labels non‑exclusive, not an IPO allocation.

A man walks past the logo of Gemini Trust, a digital currency exchange and custodian, during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello/File Photo
Nasdaq to invest $50 million in winklevoss twins' gemini crypto exchange: reuters
Tyler Winklevoss and Cameron Winklevoss react on the day of U.S. President Donald Trump signs the "Genius Act", which will develop regulatory framework for stablecoin cryptocurrencies and expand oversight of the industry, at the White House in Washington, D.C., U.S., July 18, 2025. REUTERS/Nathan Howard/File Photo
Image

Overview

  • The crypto exchange kept the offering at 16.67 million Class A shares, lifting expected proceeds to roughly $433 million and implying a valuation near $3.1 billion.
  • Trading on the Nasdaq under ticker GEMI is expected as soon as Friday, pending market conditions, which would make Gemini the third U.S.-listed crypto exchange after Coinbase and Bullish.
  • Goldman Sachs and Citigroup lead the deal, with filings and reports highlighting heavy investor demand behind the raised price range.
  • Partnership details reported by outlets include Nasdaq clients gaining access to Gemini custody and staking, with Gemini institutions gaining access to Nasdaq’s Calypso collateral‑management platform.
  • SEC filings show a net loss of $282.5 million on $68.6 million in revenue for the first half of 2025, while a notable retail allocation is planned through platforms such as Robinhood, SoFi and Webull.