Winklevoss-Backed Gemini Prices IPO at $28/Share, Values Crypto Exchange at More Than $3B

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By Will Canny | Edited by Sheldon Reback Sep 12, 2025, 11:58 a.m. Cameron and Tyler Winklevoss at the White House on July 18, 2025. (Jesse Hamilton/CoinDesk) What to know : Crypto exchange Gemini priced its IPO at $28/share, valuing the crypto exchange at about $3.3 billion. The company sold 15.2M shares, raising $425 million. The stock starts trading Friday. Gemini, the crypto exchange backed by Tyler and Cameron Winklevoss, priced its initial public offering at $28 a share, valuing the company at around $3.3 billion. The company sold 15.2 million shares, raising $425 million, it said in a Thursday press release . The IPO was 20 times oversubscribed, according to a Reuters report on Thursday. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The shares will start trading on the Nasdaq Global Select Market later Friday under the ticker symbol GEMI. The exchange is the latest crypto native firm to go public. Rival exchange Bullish (BLSH) , the owner of CoinDesk, sold shares at $37 each last month, above the expected $32-$33 range. Gemini said in a filing pm Tuesday that TradFi giant Nasdaq (NDAQ) , had agreed to buy $50 million of its Class A common stock in a private placement at a price equal to the IPO price. Lead underwriters on the Gemini IPO were Goldman Sachs (GS) , Citigroup (C) , Morgan Stanley (MS) and Cantor. Gemini raised the price range for the IPO to $24-$26, from $17-$19, in an updated S1 filing earlier in the week. Read more: Crypto Exchange Gemini Boosts IPO Price Range to $24-$26 Per Share Gemini Winklevoss Twins IPO Crypto Exchanges More For You Forward Industries Closes $1.65B Deal to Build Solana Treasury, Shares Jump 15% Pre-Market By Krisztian Sandor , AI Boost | Edited by Parikshit Mishra Sep 11, 2025 With the funding, the Nasdaq-listed firm aims to be the largest public corporate owner of Solana's SOL. What to know : Forward Industries (FORD) closed its previously announced $1.65 billion private placement to build out the largest corporate treasury focused on Solana. Lead investors Galaxy, Jump Crypto and Multicoin Capital contributed over $300 million. 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