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Gemini Sets U.S. IPO Price Range, Targeting Up to $2.22 Billion Valuation

The crypto exchange set a $17 to $19 range to gauge investor appetite following strong debuts by peers.

Overview

  • The company plans to sell 16.67 million shares, pricing the offering between $17 and $19 per share.
  • At the top of the range, Gemini would raise as much as $317 million.
  • Goldman Sachs and Citigroup are the lead bookrunners on the offering.
  • Gemini operates as a cryptocurrency exchange and custodian backed by Cameron and Tyler Winklevoss.
  • The filing comes after recent IPOs, including Bullish and Chime Financial, drew robust first-day demand.