Gemini shares rise after two stock halts following IPO

Core Insights - The company Gemini has experienced significant trading activity, currently up about 24% and trading around 3420, following its IPO pricing at $28 a share [1][2] - The initial open price was 3701, indicating volatility in the stock price, which was noted to have reached highs of 60% during the session [2] - This IPO is part of a trend of crypto-related IPOs that have shown strong initial demand, with Gemini's roadshow generating better than expected interest, leading to a price increase above the initial range [3] Trading Activity - The stock has shown considerable volatility, with a current increase of about 22% and a peak increase of 60% during the trading session [2] - There is a notable volume of trading activity, suggesting strong interest from retail investors [4] - The overall demand for IPOs in the crypto sector is being monitored to assess whether these prices can be sustained post-IPO [4]