Gemini Prepares $317M New York Listing; Source Confirms Nasdaq Not Investing in IPO

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss , is preparing to debut in New York this week in a move expected to raise as much as $317 ￰2￱ listing marks one of the most closely watched ￰3￱ offerings in the digital asset sector this ￰4￱ on IPO Participation However, contrary to earlier reports , Nasdaq is not investing in Gemini’s IPO, a source close to the matter told ￰5￱ clarification follows speculation that Nasdaq would participate in a $50 million private placement alongside the offering. Exclusive: Winklevoss-founded crypto exchange Gemini taps Nasdaq as strategic investor, sources say ￰0￱ ￰1￱ — Reuters (@Reuters) September 9, 2025 The correction shows that the investment is not part of Gemini’s IPO ￰6￱ part of this partnership, Gemini will provide its custody and staking services on a non-exclusive basis to Nasdaq clients.

A Nasdaq spokesperson told CryptoNews: “To prepare for future developments while maintaining an open-ecosystem approach to market infrastructure, we will partner with Gemini on a non-exclusive basis as part of a broader strategy to offer multi-custodial and staking services for crypto assets.” “Additionally, we will work with Gemini as a distribution partner for Nasdaq Calypso to serve firms seeking to benefit from its collateral management capabilities across traditional and digital ￰7￱ investment and partnership structure we have employed with Gemini is consistent with those that we typically structure through Nasdaq Ventures,” said the Nasdaq ￰8￱ was also contacted for comment, but did not respond.

A Test for Crypto Market Confidence Founded in 2015, Gemini has positioned itself as a regulated player in the cryptocurrency exchange sector, competing with larger global rivals by emphasizing compliance and ￰9￱ IPO is expected to draw strong attention from both institutional and retail investors, as it could serve as a bellwether for how public markets are valuing crypto exchanges in ￰10￱ to the company’s filing with the Securities and Exchange Commission (SEC), Gemini plans to sell 16.67 million shares of its Class A common stock at an expected price range of $17 to $19 per ￰11￱ IPO will be launched under the corporate name Gemini Space Station ￰12￱ listing comes amid renewed momentum in digital assets, with ￰13￱ showing appetite for crypto-related equities despite ongoing regulatory scrutiny.

Gemini’s debut is set to test whether investor enthusiasm can translate into sustained support for publicly traded crypto ￰14￱ Follows Rebound in Equity Capital Markets Gemini expects to begin trading on Friday under the ticker GEMI, though the timing is subject to market ￰15￱ IPO comes as ￰16￱ capital markets show renewed ￰17￱ subdued activity in recent years, investor demand for new listings has strengthened in 2025, with strong first-day performances encouraging more private firms to test the waters. Gemini’s debut could become one of the most notable crypto-related offerings since Coinbase went public in 2021.