Gemini IPO: $28 Price, Oversubscribed & Nasdaq
Gemini IPO priced $28 with oversubscribed demand has raised $425 million, and it’s representing one of the most successful cryptocurrency exchange IPO launches in recent market history right now. The IPO priced $28 per share, which was significantly above what they initially expected, while oversubscribed demand reached over 20 times the available shares. The NASDAQ listing will commence Friday under ticker symbol “GEMI.” Gemini IPO Priced $28 With Oversubscribed Demand & Nasdaq Listing Surge Gemini logo with cryptocurrency coins – Source: Reuters The Gemini IPO attracted massive investor interest, and the oversubscribed demand actually forced the company to cap proceeds at $425 million. Founded by Cameron and Tyler Winklevoss back in 2014, the cryptocurrency exchange IPO initially targeted a $17-$19 price range before it was raised to $24-$26, ultimately settling at the IPO priced $28 level. Record-Breaking Subscription Levels The Gemini IPO received more than 2...