Gemini IPO Soars 20x, Raises $425M at Record Price

Gemini’s initial public offering (IPO) has seen extraordinary demand, over-subscribed by more than 20 times and raising a record $425 million. The cryptocurrency exchange priced its shares at $28 per share, exceeding initial expectations and valuing the company at $3.33 billion on a non-diluted basis. This surge underscores investor confidence in regulated digital finance.