Gemini made a strong entry in Wall Street on September 12, with the price of his shares increasing more than 50% in the intial hours of his first day of negotiation at Nasdaq.
The action, listed under the GEMI symbol, opened to $ 28 per share and advanced rapidly at the opening hours.
Prices touched briefly $ 40 before resolving about $ 33 in the middle of the afternoon, leaving Gemini with a market capitalization of approximately $ 1.3 billion, according to Yahoo Finance.
The closing price represented a gain of approximately 24% from its supply level.
Strong debut
Gemini raised approximately $ 425 million selling 15.2 million shares. The price of the final offer exceeded its original range of $ 17 to $ 19 per share and a subsequent review that established expectations between $ 24 and $ 26.
After a few weeks of rumors, the exchange presented its statement of registration before the Bolsa and Securities Commission on September 2 and reached the public market only 10 days later, reflecting the demand for digital asset exposure investors.
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Although not among the largest exchanges for commercial activity, Gemini has built a reputation in the US. Uu. For emphasizing compliance and safety. The trade on its platform was accelerated in the days before the IPO.
Wave of encryption listings
The debut adds to a series of successful listings linked to cryptographic in 2025. The Stablecoin operator circle was launched in the New York Stock Exchange earlier this year, with shares that rise from a debut price from $ 31 to more than $ 60, valuing the company in more than $ 33 billion.
The financial firm of Blockchain Solutions also completed its IPO this week, measuring a 24% leap of the first day followed by additional profits.
Together, the listings highlight a resurgence of Wall Street interest in digital assets, with investors seeking exposure to cryptographic companies after years of market volatility.