GEMI Stock Set for Blockbuster Nasdaq Debut on Multiple Catalysts
The post GEMI Stock Set for Blockbuster Nasdaq Debut on Multiple Catalysts appeared on BitcoinEthereumNews.com. Winklevoss twins’ Gemini Space Station set to make a spectacular debut on Nasdaq today. Multiple factors, including a 20x Gemini IPO oversubscription, pricing its GEMI stock above the marketed range, and crypto market recovery, signal it. The company’s valuation also gets a boost from $2.22 to $3.3 billion. Multiple Factors Signal a Strong Nasdaq Debut of Gemini IPO Gemini, a crypto exchange founded by Cameron and Tyler Winklevoss, is setting the stage for making a strong listing on Nasdaq as investor sentiment improves after the latest jobs and inflation data. The company expects institutional interest similar to that garnered by stablecoin issuer Circle and crypto exchange Bullish. Gemini IPO Subscribed 20 Times Gemini IPO was subscribed over 20 times as many investors rushed to buy shares of the crypto exchange, as per people familiar with the matter. This indicates the massive demand for the IPO as crypto listings gather momentum amid a crypto-friendly regulatory landscape under the Trump administration. Moreover, a $50 million investment in from Nasdaq signaled institutional interest from financial giants. Nasdaq became Gemini’s strategic investor to gain its custody and staking services and provide access to Nasdaq’s Calypso platform. GEMI Share Price Raised to $28 on Last Day The crypto firm raised its initial public offering price to $28 per share late Thursday, CNBC reported on September 12. Earlier, the company increased the offering price of 16.67 million shares to between $24 and $26 each due to strong demand, up from the initial IPO price $17 to $19 per share. Also, firms stopped taking orders to reduce the number of shares and raise $425 million from investors. This boosted Gemini’s valuation to $3.3 billion. Some believe Winklevoss intentionally capped the shares offering to make it list higher on debut. Moreover, Gemini raised retail investor IPO allocation from…
The post GEMI Stock Set for Blockbuster Nasdaq Debut on Multiple Catalysts appeared on BitcoinEthereumNews.com.
Winklevoss twins’ Gemini Space Station set to make a spectacular debut on Nasdaq today. Multiple factors, including a 20x Gemini IPO oversubscription, pricing its GEMI stock above the marketed range, and crypto market recovery, signal it. The company’s valuation also gets a boost from $2.22 to $3.3 billion. Multiple Factors Signal a Strong Nasdaq Debut of Gemini IPO Gemini, a crypto exchange founded by Cameron and Tyler Winklevoss, is setting the stage for making a strong listing on Nasdaq as investor sentiment improves after the latest jobs and inflation data. The company expects institutional interest similar to that garnered by stablecoin issuer Circle and crypto exchange Bullish. Gemini IPO Subscribed 20 Times Gemini IPO was subscribed over 20 times as many investors rushed to buy shares of the crypto exchange, as per people familiar with the matter. This indicates the massive demand for the IPO as crypto listings gather momentum amid a crypto-friendly regulatory landscape under the Trump administration. Moreover, a $50 million investment in from Nasdaq signaled institutional interest from financial giants. Nasdaq became Gemini’s strategic investor to gain its custody and staking services and provide access to Nasdaq’s Calypso platform. GEMI Share Price Raised to $28 on Last Day The crypto firm raised its initial public offering price to $28 per share late Thursday, CNBC reported on September 12. Earlier, the company increased the offering price of 16.67 million shares to between $24 and $26 each due to strong demand, up from the initial IPO price $17 to $19 per share. Also, firms stopped taking orders to reduce the number of shares and raise $425 million from investors. This boosted Gemini’s valuation to $3.3 billion. Some believe Winklevoss intentionally capped the shares offering to make it list higher on debut. Moreover, Gemini raised retail investor IPO allocation from…
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