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Crypto exchange Gemini made a notable debut on the Nasdaq with shares surging above $40, raising around $425 million through a successful IPO. Despite reporting a $282.5 million net loss for the first half of 2025, the firm's valuation briefly hit $4.7 billion, bolstered by Nasdaq's commitment to purchase $50 million in stock. Founded by the Winklevoss twins in 2014, Gemini aims to provide a secure and compliant platform in the crypto industry.
Source: YAHOO