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Crypto exchange Gemini prices IPO above range to raise $425 million
Yahoo Finance·2025-09-11 22:52

By Echo Wang (Reuters) - Cryptocurrency firm Gemini Space Station raised 425millioninaninitialpublicofferingonThursday,pricingitsstockaboveamarketedrange.ThecompanyledbythebillionairetwinsTylerandCameronWinklevosssoldaround15.2millionsharesfor425 million in an initial public offering on Thursday, pricing its stock above a marketed range. The company led by the billionaire twins Tyler and Cameron Winklevoss sold around 15.2 million shares for 28 apiece, after marketing them for 24to24 to 26, it said in a statement, confirming an earlier report by Reuters. The IPO values Gemini at $3.33 billion on a non-diluted basis, according to a Reuters calculation. The price range w ...