Crypto exchange Gemini, founded by Cameron and Tyler Winklevoss in 2014, has filed for an initial public offering on the Nasdaq Global Select Market under the ticker symbol "GEMI." This filing comes on the heels of the company's efforts to expand its presence in Europe.
Gemini, the crypto exchange founded by the Winklevoss twins, successfully priced its IPO at $28 per share, raising $425 million and achieving a valuation of over $3 billion. The offering saw significant investor interest, with bids exceeding the available shares by more than 20 times, and will begin trading on Nasdaq under the ticker GEMI. The favorable market conditions and regulatory environment have bolstered the demand for crypto firms in public markets.