Gemini Announces Pricing of Initial Public Offering
Gemini Space Station (NASDAQ:GEMI), a global crypto platform, has announced the pricing of its Initial Public Offering. The company is offering 15,178,572 shares of Class A common stock at $28.00 per share. Trading is set to commence on the Nasdaq Global Select Market on September 12, 2025, with the offering expected to close on September 15, 2025.
The underwriters have been granted a 30-day option to purchase up to an additional 758,929 shares (300,565 from Gemini and 458,364 from selling stockholders) to cover over-allotments. Goldman Sachs and Citigroup are serving as lead bookrunners for the offering. Founded in 2014 by Cameron and Tyler Winklevoss, Gemini operates in over 60 countries, providing crypto products and services for individuals and institutions.
Gemini Space Station (NASDAQ:GEMI), una piattaforma globale di criptovalute, ha annunciato i dettagli del suo Initial Public Offering. L'azienda offre 15.178.572 azioni ordinarie di Classe A a 28,00$ ciascuna. Le negoziazioni inizieranno sul Nasdaq Global Select Market il 12 settembre 2025, e l'offerta dovrebbe chiudersi il 15 settembre 2025.
I sottoscrittori hanno ottenuto un'opzione di sovrapprezzo di 30 giorni per acquistare fino a 758.929 azioni (300.565 da Gemini e 458.364 da azionisti venditori) per coprire eventuali sovrapprezzi. Goldman Sachs e Citigroup svolgono il ruolo di lead bookrunner per l'offerta. Fondata nel 2014 da Cameron e Tyler Winklevoss, Gemini opera in oltre 60 paesi, offrendo prodotti e servizi cripto a individui e istituzioni.
Gemini Space Station (NASDAQ:GEMI), una plataforma global de criptomonedas, ha anunciado los términos de su Oferta Pública Inicial. La compañía ofrece 15,178,572 acciones ordinarias de Clase A a 28,00 dólares por acción. Las operaciones comienzan en el Nasdaq Global Select Market el 12 de septiembre de 2025, y se espera que la oferta cierre el 15 de septiembre de 2025.
Los suscriptores han recibido una opción de 30 días para comprar hasta 758,929 acciones adicionales (300,565 de Gemini y 458,364 de accionistas vendedores) para cubrir excedentes. Goldman Sachs y Citigroup actúan como principales encargados de libro para la oferta. Fundada en 2014 por Cameron y Tyler Winklevoss, Gemini opera en más de 60 países, ofreciendo productos y servicios de cripto para particulares e instituciones.
Gemini Space Station (NASDAQ:GEMI)은(는) 글로벌 암호화폐 플랫폼으로서 초기 공모(IPO) 가격을 발표했습니다. 회사는 주당 28.00달러의 Class A 보통주 15,178,572주를 제시합니다. 거래는 2025년 9월 12일 나스닥 글로벌 셀렉트 마켓에서 시작될 예정이며, 공모는 2025년 9월 15일에 마감될 것으로 예상됩니다.
주관사는 과잉배정 커버를 위해 추가로 758,929주(Gemini의 300,565주, 매도주주 458,364주)를 30일 옵션으로 구매할 수 있는 권한이 부여되었습니다. 골드만삭스와 시티그룹이 이번 공모의 주간을 맡았습니다. 2014년 카메론과 타일러 윙클보스가 설립한 Gemini는 60여 개 국에서 개인 및 기관을 위한 암호화폐 상품과 서비스를 제공합니다.
Gemini Space Station (NASDAQ:GEMI), une plateforme mondiale de cryptomonnaies, a annoncé le prix de son Offre Publique Initiale. La société propose 15 178 572 actions ordinaires de Classe A à 28,00 dollars l'action. La négociation commencera sur le Nasdaq Global Select Market le 12 septembre 2025, et l'offre devrait se clôturer le 15 septembre 2025.
Les souscripteurs bénéficient d'une option de 30 jours leur permettant d'acheter jusqu'à 758 929 actions supplémentaires (300 565 provenant de Gemini et 458 364 provenant des actionnaires vendeurs) afin de couvrir les dépassements. Goldman Sachs et Citigroup agissent en tant que chefs de file de l'offre (lead bookrunners). Fondée en 2014 par Cameron et Tyler Winklevoss, Gemini opère dans plus de 60 pays, fournissant des produits et services cryptographiques pour les particuliers et les institutions.
Gemini Space Station (NASDAQ:GEMI), eine globale Kryptowährungsplattform, hat die Preisgestaltung seines Initial Public Offering bekannt gegeben. Das Unternehmen bietet 15.178.572 Stammaktien der Klasse A zu je 28,00 USD an. Der Handel soll an der Nasdaq Global Select Market am 12. September 2025 aufgenommen werden, während der Angebotszeitraum voraussichtlich am 15. September 2025 endet.
Den Underwritern wurde eine 30-tägige Option eingeräumt, bis zu 758.929 Aktien zusätzlich zu erwerben (300.565 von Gemini und 458.364 von Verkäufern), um Über-allotments abzudecken. Goldman Sachs und Citigroup fungieren als Lead Bookrunners für das Angebot. Gegründet 2014 von Cameron und Tyler Winklevoss, betreibt Gemini in über 60 Ländern, bietet Krypto-Produkte und -Dienstleistungen für Privatpersonen und Institutionen an.
مختبر جيميني الفضائي (NASDAQ:GEMI)، وهو منصة تشفير عالمية، أعلن عن تسعير عرضه العام الأولي. الشركة تعرض 15,178,572 سهماً من الأسهم العادية من الفئة أ بسعر 28.00 دولاراً للسهم. من المتوقع أن يبدأ التداول في سوق ناسداك العالمي المحدد في 12 سبتمبر 2025، على أن يختتم عرض الطرح في 15 سبتمبر 2025.
وقد مُنح المكتتبون خياراً لمدة 30 يوماً لشراء حتى 758,929 سهماً إضافياً (300,565 من Gemini و458,364 من كبار المساهمين البائعين) لتغطية أقصى احتمالات. Goldman Sachs وCitigroup هما المستشاران الرئيسيان للطرح. تأسست Gemini في 2014 على يد كاميرون وتايلر وينكلفوس، وتعمل في أكثر من 60 دولة، وتقدم منتجات وخدمات التشفير للأفراد والمؤسسات.
Gemini Space Station (NASDAQ:GEMI)，是一家全球加密货币平台，宣布了其首次公开募股的定价。公司提供 15,178,572 股 A 类普通股，股价为每股 28.00 美元。交易预计将在 2025 年 9 月 12 日于纳斯达克全球精选市场开始，发行预计于 2025 年 9 月 15 日结束。
承销商获授 30 天的超额配售权，可额外购买最多 758,929 股（其中 300,565 股来自 Gemini，458,364 股来自出售股票的股东）以覆盖超额配售。高盛与花旗集团担任本次发行的主承销商。 Gemini 由 Cameron 与 Tyler Winklevoss 于 2014 年创立，在全球 60 多个国家运营，为个人和机构提供加密货币产品和服务。
- IPO values the company at approximately $425 million based on offered shares
- Strong underwriter support with major firms like Goldman Sachs and Citigroup as lead bookrunners
- Established presence in over 60 countries indicates global market reach
- Founded by well-known industry figures Cameron and Tyler Winklevoss
- Company will not receive proceeds from shares sold by existing stockholders
- Potential dilution from additional shares if over-allotment option is exercised
- Operating in the highly volatile and regulated cryptocurrency sector
- Faces intense competition from other major crypto exchanges
Insights
Gemini's IPO at $28/share values the crypto platform at ~$425M, joining the trend of crypto firms going public despite regulatory uncertainties.
Gemini Space Station, a cryptocurrency platform founded by the Winklevoss twins in 2014, has priced its IPO at $28 per share, offering approximately 15.2 million shares of Class A common stock. This pricing indicates an initial market valuation of around
The IPO structure includes an over-allotment option (commonly known as a "green shoe") allowing underwriters to purchase an additional 758,929 shares (300,565 from Gemini and 458,364 from selling stockholders) within 30 days. It's notable that proceeds from selling stockholders' shares won't benefit Gemini's balance sheet.
This public debut represents a significant milestone for the cryptocurrency sector, as Gemini joins other digital asset companies like Coinbase that have successfully transitioned to public markets. The company has secured heavyweight financial backing with Goldman Sachs and Citigroup serving as lead bookrunners, alongside Morgan Stanley and Cantor - signaling strong institutional interest despite the historically volatile nature of crypto markets.
Gemini's move to go public comes amid an evolving regulatory landscape for cryptocurrency companies. While the offering documents don't specify how the company plans to utilize the capital raised, cryptocurrency exchanges typically require substantial liquidity pools and technological infrastructure investments to maintain competitive operations.
Goldman Sachs & Co. LLC and Citigroup are acting as lead bookrunners. Morgan Stanley and Cantor are also acting as lead bookrunners. Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, Needham & Company, and Rosenblatt are acting as bookrunners. Academy Securities, AmeriVet Securities, and Roberts & Ryan are acting as co-managers.
The offering is being made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained by visiting EDGAR on the Securities and Exchange Commission's (the "SEC") website at www.sec.gov. Alternatively, copies of the prospectus may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street,
A registration statement relating to these securities has been filed with, and declared effective by, the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Gemini
Gemini is a global crypto platform founded by Cameron and Tyler Winklevoss in 2014. Gemini offers a wide range of crypto products and services for individuals and institutions in over 60 countries. Gemini's simple, reliable, and secure products are built to unlock the next era of financial, creative, and personal freedom.
Contacts
Investors
Gemini Investor Relations
Email: investors@gemini.com
Press
Natalie Rix
Email: press@gemini.com
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SOURCE Gemini
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