Gemini, the encryption exchange backed by Tyler and Cameron Winklevos, set its initial public offer of $ 28 per share, valuing the company in around $ 3.3 billion.
The company sold 15.2 million shares, raising $ 425 million, said in a press release on Thursday. The OPI signed 20 times in an excess of subscription, according to a Reuters report on Thursday.
The actions will begin to quote on the Nasdaq Global Select market later on Friday under the symbol of Ticker Gemi.
The exchange is the last native cryptography company in making public. Alcista rival exchange (BLsh)The owner of Coindesk, sold shares at $ 37 every month last month, above the expected range of $ 32- $ 33.
Gemini said in a PM presentation on Tuesday that the traditional giant Nasdaq (Ndaq)He had agreed to buy $ 50 million of his common class A shares in a private placement at a price equal to the PRI price.
The main subscribers in the IPO of Gemini were Goldman Sachs (GS)Citigroup (DO)Morgan Stanley (EM) and singer.
Gemini increased the price range for OPI to $ 24- $ 26, from $ 17- $ 19, in an updated S1 presentation at the beginning of the week.
Read more: Crypto Exchange Gemini increases the OPI price range to $ 24- $ 26 per share
