Gemini Sets Final IPO Price at 28 With Shares Ready to Trade on Nasdaq

Key Highlights Gemini IPO priced at $28, raising $425M at over $3B valuation Winklevoss twins retain 94.5% control after listing Up to 30% of IPO shares set aside for retail investors Gemini Finalizes IPO Pricing at $28 Ahead of Nasdaq Debut Gemini Space Station, ￰0￱ finalized the pricing of its highly anticipated initial public offering (IPO), setting shares at $28 ￰1￱ deal will raise $425 million and give the company a valuation of more than $3 billion as it lists on the Nasdaq Global Select Market under the ticker symbol ￰2￱ decision follows multiple adjustments to Gemini’s price ￰3￱ company initially targeted $17–$19 per share, then raised it to $24–$26, before confirming the final $28 pricing in response to strong investor ￰4￱ Structure and Market Details The offering will consist of 15,178,572 shares, with an additional 758,929 shares reserved for a 30-day option granted to ￰5￱ Sachs, Citigroup, Morgan Stanley, and Cantor are acting as bookrunners for the deal.

Notably, Gemini has reserved up to 10% of shares for insiders and loyal users, while as much as 30% will be allocated to retail investors through platforms such as Robinhood, SoFi, and ￰6￱ Control and Market Impact According to Bloomberg, Tyler and Cameron Winklevoss , co-founders of Gemini, owned nearly all of the company prior to the ￰7￱ the listing, they are expected to maintain 94.5% control , ensuring they remain firmly in charge of the company’s strategic ￰8￱ securing a higher IPO price and allocating a meaningful share to retail investors, Gemini signals confidence in its market positioning while broadening ￰9￱ successful debut is set to be one of the most closely watched crypto-related IPOs of 2025.