Gemini has priced its IPO at $28 per share, surpassing predictions ahead of its Nasdaq debut. The cryptocurrency exchange, founded by Tyler and Cameron Winklevoss, faces both investor enthusiasm and existing challenges. Despite a strong demand leading to the pricing exceeding the initial range of $17 to $19, Gemini has reported significant financial losses, including a net loss of $158.5 million in 2024 and $282.5 million in the first half of 2025. The IPO allows traditional market investors to acquire shares in GEMI, as it aims for increased visibility and capital following its SEC filing initiated in June. Additionally, regulatory scrutiny remains a pressing concern, with ongoing legal battles over a lawsuit regarding misleading statements about Bitcoin futures products, which Gemini settled for $5 million without admitting wrongdoing. Strong investor interest and the evolving regulatory landscape will play crucial roles in Gemini's market trajectory post-IPO.

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