Crypto Exchange Gemini lifted the price range for its initial public offer at $ 24 to $ 26 per share, establishing a debut that could assess the company in approximately $ 3.2 billion, according to a presentation this week.
The New York headquarters, led by Cameron and Tyler Winklevos, previously aimed at a range of $ 17 to $ 19. The account count remains unchanged at 16.7 million.
At the upper end, Gemini would raise approximately $ 435 million, compared to approximately $ 317 million under its previous objective.
NASDAQ ASSOCIATION
Nasdaq agreed to invest $ 50 million in the OPI, highlighting the institutional support for cryptography as it prepares to make public the GEMI ticket.
The association is seen as a vote of confidence in Gemini’s long -term perspectives and a sign of the growing acceptance of Wall Street of digital asset platforms.
The opi occurs in the middle of a burst of Fintech listings and renewed appetite for digital asset companies. However, investor enthusiasm will depend on Gemini’s ability to stabilize their finances while navigating an evolving regulatory environment.
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CFTC nominated accusations
The OPI is also being carried out in the context of the new regulatory controversy after President Donald Trump’s CFTC president Brian Quintenz claimed that Tyler Winklevos tried to influence his confirmation after not starting a review of Gemini’s long dispute with the agency.
Quintenz posted private text messages that show Winklevos sharing Gemini’s complaint against the Inspector General of CFTC, who accused the regulator to seek unjust application actions.
Quintenz said he refused to promise a favorable treatment, committing only to address the “total and fair” issue. In the messages, Winklevos expressed his frustration for what he described as years of selective application and urged Quintenz to align with Trump’s impulse to reform regulatory supervision.
The dissemination, made only a few days before the debut in the Gemini market, highlights the company’s high bets while seeking to convince investors and regulators of their stability.
