Group 1 - Gemini Space Station stock experienced a significant increase, soaring as much as 64% to a high of $45.89 on its first day of trading after its IPO [1] - The company priced its initial public offering at $28 per share, successfully raising $425 million [1][4] - The total shares sold amounted to 15.2 million, leading to a valuation of approximately $3.3 billion [2] Group 2 - The surge in Gemini's stock price reflects a broader trend of high-profile tech companies experiencing substantial day-one rallies following their IPOs [2] - Other companies, such as Klarna, Figma, CoreWeave, and Circle Internet Group, have also seen notable post-IPO stock performance, indicating a thawing market for IPOs, particularly for tech firms with high growth potential [3][4]
It's a great week to IPO: The Winklevoss brothers' Gemini surges 64% in its trading debut
Yahoo Financeยท2025-09-13 03:39