Gemini, a global crypto platform, has announced the pricing of its initial public offering (IPO) at $28.00 per share, with its Class A common stock set to trade on the Nasdaq Global Select Market under the ticker symbol "GEMI."
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| Gemini Space Station's initial public offering, including the public offering price, ticker symbol "GEMI," and the schedule for its stock to begin trading on the Nasdaq Global Select Market. Image: GEMI/ CH |
NEW YORK, USA — September 11, 2025:
Gemini Space Station, a prominent global crypto platform, has announced the pricing of its initial public offering (IPO) at $28.00 per share, with its Class A common stock expected to start trading on the Nasdaq Global Select Market today under the ticker symbol "GEMI." The offering comprises 15,178,572 shares, raising significant capital for the company's future growth. This move marks a pivotal moment for the crypto platform as it joins the ranks of publicly traded companies.
The offering is scheduled to officially close on September 15, 2025, pending customary closing conditions. In addition to the main share sale, Gemini and its selling stockholders have granted the underwriters a 30-day option to purchase up to 758,929 additional shares to cover over-allotments. This total includes 300,565 shares from Gemini itself and 458,364 from existing stockholders. It's important to note that Gemini will not receive any proceeds from the sale of shares by the selling stockholders.
The IPO has attracted a strong group of leading financial institutions. Goldman Sachs & Co. LLC and Citigroup are serving as lead bookrunners, alongside Morgan Stanley and Cantor. The syndicate also includes Evercore ISI, Mizuho, Truist Securities, and several other bookrunners and co-managers, reflecting robust institutional interest in Gemini's market debut.
Founded in 2014 by brothers Cameron and Tyler Winklevoss, Gemini has positioned itself as a key player in the digital asset space. The platform provides a wide range of crypto products and services for both individual and institutional clients across more than 60 countries. Its core philosophy is to create simple, reliable, and secure products that foster a new era of financial freedom.
The offering is being made solely through a prospectus, which has been filed with and declared effective by the U.S. Securities and Exchange Commission (SEC). Copies of the prospectus are available on the SEC's website. This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy these securities in any state or jurisdiction where such an action would be unlawful.