Gemini Increases IPO Price Range to $24-$26 Per Share
Gemini has increased its IPO price range ahead of its public offering scheduled for Friday. Key details include:
- Expected sale of 16.67 million shares priced between $24 and $26 each
- Previous price range was $17 to $19
- At the high end, Gemini could raise over $430 million with a valuation of approximately $3.1 billion
- Goldman Sachs, Citigroup, Morgan Stanley, and Cantor are lead underwriters
- Nasdaq plans to purchase $50 million of shares at IPO price
- Stock will list under the ticker symbol GEMI
This follows other crypto companies like Bullish and Circle that have also gone public recently.