Gemini completes $446 million IPO, becoming the second mainstream cryptocurrency exchange to go public after Coinbase

ChainCatcher news, the global cryptocurrency trading platform Gemini announced on September 15 that it has completed its initial public offering (IPO), issuing 15.9375 million Class A common shares at a price of $28.00 per share, raising a total of $446 million. Among these, Gemini itself issued 300,600 shares, raising approximately $8.416 million; the remaining 458,400 shares were sold by selling shareholders through an overallotment option.

Gemini's Class A common shares officially began trading on Nasdaq on September 12, with the stock ticker "GEMI." Founded in 2014 by brothers Cameron and Tyler Winklevoss, this successful listing marks the second mainstream cryptocurrency exchange to enter the traditional capital markets after Coinbase.

Goldman Sachs & Co. LLC and Citigroup served as the joint lead underwriters for this IPO.