Reported about 6 hours ago
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has successfully raised $425 million in its initial public offering by pricing its shares above the expected range. The company sold approximately 15.2 million shares at $28 each, significantly higher than the previously marketed range of $24 to $26. This move comes as demand for crypto investments rises, reflecting a revival in the IPO market, with Gemini set to begin trading on Nasdaq under the ticker 'GEMI'.
Source: YAHOO