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Crypto Exchange Gemini Files for IPO, Targeting $17-$19 Share Price on Nasdaq

Crypto Exchange Gemini Files for IPO, Targeting $17-$19 Share Price on Nasdaq

Shares of Gemini crypto exchange fell below their IPO price but recovered slightly, signaling ongoing post-IPO fluctuations as the company’s valuation exceeds $3 billion.

Fact Check
Multiple credible sources directly corroborate all parts of the statement. Sources 8 (PR Newswire) and 12 (Techi.com) explicitly state that Gemini's initial public offering price is expected to be between $17.00 and $19.00 per share. Numerous other sources confirm the IPO filing and the plan to list on the Nasdaq exchange.
    Reference: 12
Summary

Shares of Gemini (GEMI) fell below the $28 IPO price, trading at $25.15, despite a 2.5% gain on the day. Gemini went public last week at $28, raising $425 million. The company offers a variety of crypto services and holds over $21 billion in assets as of July 2025.

Terms & Concepts
  • IPO: The process by which a private company first sells its shares to the public, transitioning into a publicly traded and owned entity.
  • GEMI: The ticker symbol for Gemini's shares on the Nasdaq, following its public listing.