Gemini Raises $425 Million in Nasdaq IPO, Expanding Crypto Trading Platform

Crypto exchange Gemini, co-founded by the Winklevoss twins, achieved a landmark milestone with its highly anticipated public debut. The company raised $425 million through an IPO on the Nasdaq Global Select Market after pricing shares at $28, exceeding expectations and marking its entry into the exclusive group of U.S.-listed crypto trading platforms. 30-day over-allotment option gives underwriters flexibility in buying additional shares if needed. The Winklevoss twins will retain a commanding 94.5% voting control even after going public, ensuring their influence on the exchange’s strategic direction.