10.09.2025 23:09

According to internet sources, Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has increased the projected price range for its upcoming IPO to between $24 and $26 per share. This adjustment could potentially value the company at approximately $3.2 billion upon its market debut.

Originally, the exchange had set a share price range of $17 to $19. The number of shares being offered remains constant at 16.7 million. Should the IPO reach the upper end of this revised range, Gemini anticipates raising approximately $435 million, a considerable increase from the initially projected $317 million.

Adding a significant endorsement, Nasdaq has committed to invest $50 million in the IPO. This collaboration not only underscores institutional support for Gemini as it prepares to list under the ticker GEMI, but also signals a growing acceptance of digital asset platforms by traditional financial institutions.

However, this IPO arrives amid accusations made by Brian Quintenz, President Trump's nominee for CFTC chair. Quintenz released private text messages suggesting that Tyler Winklevoss had attempted to influence his confirmation process following a disagreement over a regulatory dispute involving Gemini and the agency. It remains to be seen how these allegations will impact investor sentiment.