Gemini Raises $425 Million in Successful IPO: A Sign of Continued Crypto Trust

The Winklevoss twins’ crypto exchange, Gemini, successfully completed one of the year’s most anticipated initial public offerings (IPO). Raising $425 million, they set a record for their share price at $28 per share. This strong demand, exceeding the marketed range by over 20 times, forced them to scale back the number of shares offered rather than expanding the offering. The final valuation placed Gemini at approximately $3.3 billion, marking a significant milestone for a company still grappling with substantial losses. 💰