Gemini’s initial public offering (IPO) is set to debut with an oversubscription exceeding 20 times, demonstrating strong investor interest in crypto and blockchain companies. Before its launch, Gemini capped proceeds at $425 million after ceasing to accept new orders, which is an uncommon move in IPOs. The expected share price range for Gemini is between $24 and $26. Notably, the technology stock exchange Nasdaq is among its investors. Meanwhile, Figure Technologies debuted on Nasdaq, with its share price increasing by 24.4% on the first trading day. Figure raised $787.5 million through its IPO, having increased its share price from an initial $18 due to high demand. Other notable IPO activities include Circle, which aimed to raise $1 billion, and Bullish, although they did not attract as much investor interest as Gemini and Figure. The crypto ETF issuer Bitwise predicts that 2025 will be a significant year for public listings, with multiple companies slated for IPOs, including crypto exchange Kraken and blockchain analytics firm Chainalysis.

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