Gemini actions (GEMI) It opened to $ 41 per share in the Nasdaq Global Select market on Friday, increasing 45% of the opening price of the previous night.
Exchange Crypto, led by Tyler and Cameron Winklevos, with a price of its IPO to $ 28 per share, valuing the company in around $ 3.3 billion. He had sold 15.2 million shares, raising $ 425 million.
Gemini recorded a net loss of $ 283 million in the first half of the year. That follows a loss of $ 159 million for all 2024, according to the company’s latest finances.
Despite the deepest red ink, Gemini set his opi well above the initially expected level and obtained a strategic investment of $ 50 million Nasdaq earlier this week. The stock exchange operator said the agreement intends to expand access to Gemini cryptography custody services for institutional clients. It also positions Gemini as a distribution partner for the Nasdaq commercial management software, Calypso.
Gemini’s OPI follows that of other native cryptographic platforms, including Stablecoin Emier Circle (CRCL)Bullish (BLsh)ETORO (ETOR) AND FIGURE TECHNOLOGIES (Figr)that it was also made public this year in what seems to be a booming capital market for cryptographic companies in the midst of an American regulatory action friendly with waves. Bullish Global is the parent company of Coindesk.
