Crypto Exchange Gemini Raises $425M In Heavily Oversubscribed IPO

Gemini Space Station’s initial public offering pulled in $425m late Thursday, marking one of the strongest debuts for a digital asset platform in recent memory. The New York-based firm, founded by Cameron and Tyler Winklevoss, priced 15.2m shares at $28 each, above its earlier guidance of $24 to $26, Bloomberg reported. The final pricing reflected robust investor demand even after Gemini lifted its proposed range from $17 to $19 last week. Gemini IPO Capped At $425M Despite Heavier Demand Bankers halted ...