Gemini made his debut on the Nasdaq on Friday at a valuation of around $4.4 billion.
The shares of the company founded by Winklevoss Twins opened for $37.01 each. Yahoo Finance. It initially gave Gemini a $3.32 billion valuation. The company previously targeted the $24-$26 per share range.
Traded under the ticker symbol “Gemi”, Gemini was founded in 2014 and raised $425 million through an IPO. Decryption Calculation based on regulatory submissions. Reuters The company’s IPO reported that It’s significantly oversubscribed.
Wall Street Giants’ Goldman Sachs and Canter Fitzgerald were financial services companies previously run by US Secretary of Commerce Howard Rutnick and were one of the leadbook runners on the deal.
Gemini First, it’s targeted Ranges between $17 to $19 per share over 16.6 million shares. We have requested that 10% of the offering be reserved for the “instructed stock program” and have been able to offer some shares to select some shares.
in video Posted on X, Gemini co-founder and president Cameron Winklevoss said he and his brother, co-founder and CEO Tyler Winklevoss, were “completely blown away.” Bitcoin When they discovered it in the summer of 2012. They eventually created Gemini as a way to help make cryptocurrency more mainstream, Cameron added.
Winklevoss twins backing President Donald Trump’s bid for reelection. And the president’s longtime pick, Brian Quintz, accused him of trying to derail his nomination earlier this week to lead the SEC. Posts What he said was a screenshot of a controversial conversation with X.
The future cannot reach itself. We shape it.
This is just the beginning. pic.twitter.com/qyeqk72h3t
– Gemini (@gemini) September 12, 2025
When it comes to Wall Street’s interest in Crypto, Gemini was someone close this week.
On Thursday, Figure Technology saw the stock alongside the stock during its Nasdaq debut. closure 24%, surpassing the Crypto Lender IPO price of $31.11. Analysts believe the show will be able to advance the tokenization narrative during the busiest IPO week in the US since 2021.
Figure stocks rose 8.6% on Friday to $33.78.
Gemini has marked the 10th major crypto company and is leveraging the US open market for fundraising this year, with research analyst Carlos Guzman at Crypto Market Maker GSR thinking the trend has crystallized after the blockbuster IPO of Stablecoin Issuer Circle in June.
The company saw its share price rise nearly ten times over the next few weeks, but at the time it was reasonable to question whether it was due to investors’ interest in stablecoins or whether their appetite for companies from crypto origin would be wider. Decryption.
“When the circle was released and it really worked out, people said, ‘Oh, stubcoin is really exciting right now,'” he said. “Since then, we’ve seen bullishness and figures work, and now Gemini. It’s clearly a broader (trend) than the market finds really exciting.”