Crypto Exchange Crypto Exchange, Prices for IPO IPO

Gemini Space Station, Crypto Company, founded by Cameron and Tyler Winklevos, at the price of its initial public offer for $ 28 per share at the end of Thursday, According to Bloomberg.

A person familiar with the proposal told the news service that the company estimated an offer that exceeds the expected range from $ 24 to $ 26, which estimates $ 3.3 billion.

Because Gemini restricted the cost of $ 425 million, 15.2 million shares were sold, the report said. It was a high demand for Crypto Company, which initially sold 16.67 million shares. Earlier this week, it increased the proposed price range from $ 17 to $ 19.

A spokesman for the twins could not confirm the report.

The company and shareholders of the sale provided their underers under the leadership and Goldman Sachs, Citigroup and Morgan Stanley-30-day option to sell additional 452 807 and 380 526 shares according to the registration form. Gemini stocks will trade on NASDAQ under the Gemi tick symbol.

Up to 30% of the proposed stock will be reserved for retail investors through Marvelous. SofiaFutu Securities founded in Hong Kong, Singapore Moomoo Financial, Webull and other platforms.

Gemini, which primarily acts as the exchange of cryptocurrencies, was founded by the Winklevoss brothers in 2014 and has more than $ 21 billion on its platform as of the end of July.

Initial trade will give the market a sense of how long it can save the crying IPO Party. Circles on the Internet and Haunting They had successful lists, but there was a recent consolidation of blue chip cryptocurrency, such as bitcoin and ether. In addition, unlike the profitability of these companies, Gemini reported the expansion of losses, especially in 2025. For him registration Thanks to the Securities and Exchange Commission, Gemini outlined a net loss of $ 159 million in 2024, and in the first half of this year it lost $ 283 million.

This week however Nasdaq said it does Strategic investment Crypto $ 50 million. NASDAQ seeks to offer its customers access to Gemini custody and get a distribution partner in trade management system known as Calypso.

Gemini also offers a cry-credit card, and last month launched another card in partnership with Ripple. The latter in August collected more than 30,000 credit card registrations, which is a monthly one, which was more than twice the number of credit card signings in the previous month, the S-1 said.

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