Gemini has increased its initial public offering (IPO) to about $433 million, targeting a valuation exceeding $3 billion. The cryptocurrency exchange, co-founded by Cameron and Tyler Winklevoss, plans to price its shares between $24 and $26, up from the initial range of $17 to $19. The company will offer approximately 16.67 million shares, consistent with previous plans. This upsized IPO reflects heightened interest in crypto companies, supported by a more favorable regulatory environment under the current administration. Despite a reported revenue decline to $68.61 million for the first half of the year and an increase in net losses to $282.47 million, Gemini noted a significant trading volume increase, with $24.8 billion traded in the same period. The IPO is backed by Nasdaq, further highlighting Wall Street's increasing support for crypto-related enterprises. This surge in crypto interest is evidenced by the successes of other exchanges, such as Coinbase, in recent months.

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