Winklevoss from the establishment of Crypto Exchange

Gemini Space Station, the encryption company founded by Cameron and Tyler Winkefus, priced its initial year offering at a price of $ 28 per share late Thursday

The company has priced the offer above its expected scope, ranging from $ 24 to 26 dollars, which resides the company for $ 3.3 billion.

Since Gemini crowned the offer of $ 425 million, 15.2 million shares have been sold. This was a measure of high demand for the encryption company, which initially marketed 16.67 million shares. Earlier this week, the proposed price range increased between $ 17 and $ 19 per piece.

The pricing results were reported for the first time Bloomberg.

The company and sales shareholders granted its insurance companies-Leadership and Goldman Sachs, City Group and Morgan Stanley-a 30-day option to sell 452,807 and 380,526 shares, respectively, according to the registration model. Gemini shares will be traded on Nasdak under the “Jimmy” icon.

Up to 30 % of the shares offered to retailers through Robinhoodand SufiHong Kong, based in Hong Kong, Singapore Momo Financial Financial, Wiolol and other platforms.

GIMII, which operates in the first place, was founded by an encrypted currency, by Winklevoss Brothers in 2014, and has more than $ 21 billion of assets on its platform from the end of July.

Initial trading will give the market a sense of time when the public subscription encryption ceremony can continue. Internet circle and Climb He had successful lists, but there was a modern unification in the prices of cryptocurrencies for blue chips like Bitcoin and Ether. Also, unlike the profitability of those companies, Gemini reported the expansion of losses, especially in 2025. registration With the Securities and Stock Exchange Committee, Gemini recorded a net loss of $ 159 million in 2024, and in the first half of this year, it lost $ 283 million.

This week, however, Gemini obtained a large vote of institutional confidence when Nasdak He said he is making Strategic investment From 50 million dollars in the encryption company. NASDAQ seeks to provide access to its customers to Gemini Custodial services, and to obtain a distribution partner for the commercial management system known as Calypso.

GEINI also offers an encrypted credit card, and last month, she launched another card in partnership with Ripple. The latter got more than 30,000 credit card recordings in August, the highest new monthly level was more than twice the number of credit card recordings in the previous month, according to the S-1 report.

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