Gemini’s IPO on Nasdaq raised $425 million and signaled robust investor demand for crypto equities; the Gemini IPO jump underscores renewed appetite for regulated U.S. exchange listings and lifted related crypto stocks on debut day.
Gemini priced at $28, raising $425 million — market cap near $1.3B at close.
Shares peaked near $40 on debut, settling around $35 (up ~24% intraday).
Sector momentum: Circle (CRCL) and Figure (FIGR) also posted strong first-day gains, highlighting broad investor interest.
Gemini IPO: Gemini’s Nasdaq debut raised $425M and surged on day one — read the market impact and what investors should watch next. Learn more now.
Gemini’s $425 million Nasdaq debut marks the latest in a wave of blockbuster crypto IPOs, as investor demand surges for digital asset equities.
Shares of Gemini Space Station (GEMI), the digital asset exchange founded by Cameron and Tyler Winklevoss, surged in their market debut on Friday, signaling strong institutional appetite for crypto-related equities.
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Gemini shares briefly topped $40 on Friday, according to Yahoo Finance data, before retreating later in the session. By the afternoon, Gemini was trading near $35 a share, up 24% on the day, for a market cap of around $1.3 billion.
GEMI stock. Source: Yahoo Finance
The company priced its initial public offering at $28 per share late Thursday — well above its initial target range of $17 to $19, and even higher than the upwardly revised $24 to $26 range.
According to CNBC, Gemini capped its offering at 15.2 million shares, raising $425 million and signaling heightened investor demand.
The exchange moved swiftly from filing its Form S-1 with the U.S. Securities and Exchange Commission to debuting on the Nasdaq. Cointelegraph reported Gemini submitted its IPO registration on Sept. 2 and began trading 10 days later.
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Although not among the world’s largest cryptocurrency exchanges by trading volume, Gemini is regarded as a major U.S. platform with a reputation for security and regulatory compliance. CoinMarketCap showed trading activity rising in the days leading up to its public listing.
Gemini IPO demonstrates renewed investor confidence in regulated crypto companies, with a strong first-day pop that highlights demand for transparent, compliance-focused platforms. The debut may encourage more U.S.-based crypto firms to consider public listings, potentially increasing sector liquidity and institutional access.
Gemini priced at $28 per share after an upsized range, raising $425 million from 15.2 million shares. The stock peaked near $40 on the first trading day, then settled around $35 — an intraday gain of about 24% and a market cap near $1.3 billion. Data sources referenced: Yahoo Finance, CNBC.
Circle (CRCL) surged over 160% on its first day on the NYSE and later traded above $60, implying a market cap north of $33 billion per Yahoo Finance. Figure Technology Solutions (FIGR) climbed >24% on debut. These outcomes show a pattern: well-positioned crypto firms with clear regulatory postures are drawing substantial demand.
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