Analyst calls Gemini stock 20 times oversubscribed after massive debut
Yahoo Financeยท2025-09-12 21:02
Gemini Space Station Inc., the crypto exchange founded by Cameron and Tyler Winklevoss, has gone live on Nasdaq today. The company aimed to raise as much as $425 million through its initial public offering, pricing 16.7 million shares between $24 a share and $26 a share. However, market sources told Bloomberg that the IPO was 20 times oversubscribed. Tyler Winklevoss and Cameron Winklevoss of Gemini Space Station Inc.Getty Images Critics cite risks in Gemini One investor expressed concern about the co ...