Crypto IPO Frenzy: Gemini 20× Oversubscribed, Figure Up 24%

Published: 2025-09-12 01:57:27 |

Gemini’s IPO was oversubscribed 20×, capping fundraising at $425 million after boosting its share price to $24–26. Nasdaq joined as a strategic investor with a $50 million commitment. Figure Technologies debuted on Nasdaq with a 24.4% share price jump, raising $787.5 million in another high-demand crypto IPO. Earlier listings by Circle and Bullish saw stocks surge 167% and 218% on day one. Traders eye 2025 for more crypto IPOs from Kraken, Anchorage Digital and Chainalysis, signalling robust investor demand and institutional confidence.

Bullish

Oversubscribed offerings and strong first-day gains reflect surging investor demand for regulated blockchain finance products. Strategic backing by Nasdaq adds institutional credibility. Anticipation of more crypto IPOs in 2025 underscores positive market sentiment. These factors point to increased capital inflows and a bullish trading environment for crypto equities.