Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has successfully raised $425 million in its initial public offering (IPO). The company priced its shares above the previously targeted range and reduced the number of shares on offer, reflecting strong demand from investors.
Gemini received orders for its shares that were over 20 times higher than the available supply, according to people familiar with the matter. This high level of interest led the company to increase the price range ahead of its debut on the Nasdaq stock exchange.
The IPO highlights ongoing enthusiasm for the crypto sector, even as new digital assets like Ethereum, Solana, and AI-linked tokens challenge bitcoin's dominance and attract investor attention. Gemini’s debut marks a significant moment for the Winklevoss twins and the broader cryptocurrency industry.
What is Gemini?
Gemini is a cryptocurrency exchange founded by Cameron and Tyler Winklevoss where people can buy, sell, and store digital assets like bitcoin and ethereum.
How much money did Gemini raise in its IPO?
Gemini raised $425 million through its initial public offering.
Why is this IPO important?
The strong demand for Gemini's IPO shows ongoing investor interest in cryptocurrency companies, even as new tokens and technologies become popular.
What does 'oversubscribed' mean?
An IPO is 'oversubscribed' when more investors want to buy shares than the number of shares available. In Gemini’s case, there were more than 20 times as many orders as shares.
Sources
Gemini IPO tests crypto appetite as new tokens challenge bitcoin's lead
CNBC Television
CNBC Television
CNBC's Tanaya Macheel discusses Gemini's $3B IPO, the surge in crypto treasury strategies, and how Ethereum, Solana, and AI-linked projects like Worldcoin are reshaping market focus.
Gemini IPO Due After Winklevoss Crypto Exchange Raises Price Range
Investors Business Daily
Investors Business Daily
The Gemini IPO now looks to raise $433 million. The crypto exchange, founded by the Winklevoss twins, will debut Friday on the Nasdaq.
Exclusive: IPO of Winklevoss-founded crypto exchange Gemini over 20 times oversu...
Reuters
Reuters
Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has drawn over 20 times as many orders for its planned U.S. initial public offering as there are available shares, people familiar with the matter said on Thursday.
Gemini's IPO rides the crypto craze to further the fortunes of the Winklevoss tw...
Market Watch
Market Watch
IPO for the crypto currency exchange founded by billionaires Tyler and Cameron Winklevoss ups its price range ahead of its debut, in a sign of strong interest.
Winklevosses' crypto exchange Gemini raises $425 Million in IPO, Bloomberg News...
Reuters
Reuters
Gemini Space Station raised $425 million in an initial public offering, pricing its stock above a marketed range and shrinking the number of shares, Bloomberg News reported on Thursday.
Gemini Announces Pricing of Initial Public Offering
NEW YORK , Sept. 11, 2025 /PRNewswire/ -- Gemini Space Station, Inc. ("Gemini"), a global crypto platform, today announced the pricing of its initial public offering of 15,178,572 shares of Class A common stock at a public offering price of $28.00 per share.
Gemini Space Station IPO: Stock price will be closely watched today in Winklevos...
Fast Company
Fast Company
Another tech-focused company is going public. On Wednesday, the buy now, pay later firm Klarna Group finally made its public debut, one of a number of high-profile listings to take place this week alone.
Gemini Space Station boosts IPO price, set for Nasdaq trading
Proactive Investors
Proactive Investors
Gemini Space Station late Thursday announced that it has priced its initial public offering (IPO) at $28 per share, valuing the company at $3.3 billion. The crypto company, founded by Cameron and Tyler Winklevoss, was anticipating going public at between $17 and $19 earlier this week.
Gemini co-founders Tyler & Cameron Winklevoss: Bitcoin is gold 2.0, can easily g...
CNBC Television
CNBC Television
Tyler Winklevoss, Gemini co-founder and CEO, and Cameron Winklevoss, Gemini co-founder and president, join 'Squawk Box' to the company's IPO debut, inside the decision to go public, competition among crypto exchanges, state of bitcoin, price outlook, and more.
Winklevoss Gemini IPO another crypto win
Fox Business
Fox Business
Gemini joins publicly traded crypto exchanges Coinbase and Bullish after its IPO, as the Winklevoss twins work with the Trump administration to advance pro-crypto policy.
Gemini stock to debut on Nasdaq after 20× oversubscribed $425M IPO
Invezz
Invezz
Gemini stock is all set to debut on the Nasdaq, marking a significant milestone in the cryptocurrency sector by being oversubscribed 20 times and raising $425 million at $28 per share. This strong investor appetite highlights growing confidence in Gemini's potential as a major player in the crypto e...
Winklevoss twins' crypto exchange Gemini valued at $4.4 billion in strong Nasdaq...
Reuters
Reuters
Gemini Space Station shares jumped 32.2% in their Nasdaq debut on Friday, giving the cryptocurrency exchange a valuation of $4.4 billion and capping a bright week for digital asset companies in a resurgent U.S. IPO market.
Gemini halted for trading
CNBC Television
CNBC Television
CNBC's Leslie Picker joins 'The Exchange' to discuss the IPO for Gemini going public.
Winklevoss twins' Gemini stock jumps over 30% in NYSE debut after pricing IPO ab...
New York Post
New York Post
Gemini, which primarily operates as a crypto exchange, had priced its initial public offering at $28 per share late Thursday, above its expected range of $24 to $26, according to Bloomberg.
Winklevoss-Backed Gemini Space Soars in Latest IPO Market Win
WSJ
WSJ
The crypto exchange jumped 43% in volatile trading in its Nasdaq debut, the latest upside surprise in the resurgent IPO market.
Winklevoss-founded Gemini soars in Nasdaq debut: CNBC Crypto World
CNBC Television
CNBC Television
On today's episode of CNBC Crypto World, shares of Gemini soar after the exchange operator raised $425 million in an initial public offering. Plus, Tether launches a new token for institutions in the United States.
Gemini shares rise after two stock halts following IPO
CNBC Television
CNBC Television
CNBC's Leslie Picker reports on news regarding Gemini.
Gemini opens at $37.01 a share in Nasdaq debut after its IPO priced at $28
CNBC Television
CNBC Television
Shares of Gemini Space Station soared on Friday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01 on the Nasdaq after its IPO priced at $28.
Winklevoss-Backed Gemini Space Soars in Latest IPO Market Win
WSJ
WSJ
The crypto exchange jumped 43% in volatile trading in its Nasdaq debut, the latest upside surprise in the resurgent IPO market.
Gemini co-founders tout 'golden age of innovation' amid Trump's pro-crypto polic...
Fox Business
Fox Business
Gemini co-founders Tyler and Cameron Winklevoss discuss Bitcoin's future, Trump's pro-crypto policies and their partnership with Mastercard on "The Claman Countdown."
Crypto Exchange IPOs Are White Hot. Is Circle, Bullish, or Gemini the Best Buy?
24/7 Wall Street
24/7 Wall Street
Crypto goes mainstream with Bitcoin (BTC) trading around $116,000. Three crypto exchanges IPOed recently, all of which were oversubscribed, and their stocks are soaring.
Gemini: The Coinbase Alternative
Seeking Alpha
Seeking Alpha
Gemini Space Station, Inc. (GEMI) leverages strong regulatory compliance and recent MiCA licensing to expand its crypto exchange and custody services in the US and EU. GEMI's revenue is driven by trading fees and institutional custody, with a positive near-term outlook due to healthy futures activit...
Gemini Space Station: Serious Concerns About This Offering
Seeking Alpha
Seeking Alpha
Gemini Space Station surged on IPO debut, fueled by crypto/blockchain hype, but fundamentals remain weak and growth is slowing. Despite a Nasdaq partnership and $50M investment, GEMI trades at over 30x sales, with revenue growth decelerating and persistent large losses. Given the disconnect between...
Gemini adds to post-IPO gains
CNBC Television
CNBC Television
Gemini, the Winklevoss' crypto exchange, is trading higher on Monday.
Here's why the Gemini stock may crash soon after the IPO
Invezz
Invezz
Gemini stock price had a highly volatile first day as a publicly traded company. It initially popped to $45 after the much-anticipated Initial Public Offering (IPO) and then ended the day at $32.
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