Gemini Shares Surge 40% Following $28 Nasdaq IPO Amid Crypto Market Rally

Cryptocurrency exchange Gemini Space Station, founded by twins Cameron and Tyler Winklevoss, began trading on the Nasdaq on September 12 at $28 per share, raising $425 million in its initial public offering. According to its press release, the stock opened at $37.01 and surged over 40% during its first trading session, reaching a peak of $40.71 before settling around $35 by midday. Trading volume was substantial, with over 3.2 million shares changing hands in the first few hours. The stock experienced si ...