Group 1 - Gemini completed its IPO pricing at $28 per share, achieving a valuation of $3.3 billion, exceeding the initial expected range of $24-$26, indicating strong market demand for the cryptocurrency company [1] - The IPO size was limited to $425 million, with 15.2 million shares issued, down from the initially planned 16.67 million shares due to high demand [1] - Nasdaq announced a strategic investment of $50 million in Gemini, enhancing institutional confidence in the listing [1] Group 2 - Up to 30% of the issued shares will be available to retail investors through platforms like Robinhood, SoFi, and others, providing significant institutional backing for Gemini's listing [2] - Gemini will offer cryptocurrency custody and staking services to Nasdaq clients and will act as a dealer for Nasdaq's Calypso solutions, expanding its influence in traditional financial markets [2][3] Group 3 - Gemini operates in over 60 countries, with a cumulative trading volume exceeding $285 billion and platform assets over $21 billion, serving 1.5 million trading users [3] - In the first half of 2025, Gemini reported a trading volume of $24.8 billion, a 49.4% increase from $16.6 billion in the same period of 2024, although revenue declined to $68.61 million from $74.32 million [3] - The company faced a net loss of $282.5 million in the first half of 2025, significantly higher than the $41.4 million loss in the same period of 2024 [3] Group 4 - Unlike other publicly traded cryptocurrency exchanges, Gemini is currently operating at a loss, which may challenge investor confidence in the long-term prospects of the cryptocurrency industry [4] - The company launched a credit card product in collaboration with Ripple, receiving over 30,000 applications in August, more than double the previous month's applications, indicating ongoing product innovation [4]
加密交易所Gemini IPO发行价推高至每股28美元，估值33亿美元
Sou Hu Cai Jing·2025-09-12 12:51