Gemini's $425 million debut on Nasdaq highlights a wave of successful cryptocurrency IPOs amid soaring investor demand for digital asset equities. On its first trading day, Gemini shares peaked at $40 before settling at around $35, a 24% increase from its initial price of $28 per share. This IPO not only raised significant capital but also reinforced Gemini's reputation as a secure and compliant digital asset exchange in the U.S. The interest in crypto equities is echoed by other successful offerings in 2025, including Circle, which has seen its stock rise over 90% since debuting at $31, and Figure Technology Solutions, which saw a strong opening. Despite not leading in trading volume, Gemini's swift IPO process, initiated just ten days after filing with the SEC, showcases its strategic timing and investor enthusiasm for crypto-related investments during this market boom.

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