Gemini Nasdaq IPO Raises $425M, Soars 40% to $40.71

Published: 2025-09-12 21:30:24 |

Gemini IPO on Nasdaq raised $425 million after being priced at $24–$26 and oversubscribed 20 times. Shares opened at $28 and surged over 40% to a peak of $40.71, triggering two trading halts amid high volatility. Nasdaq led institutional support with a $50 million investment. The Winklevoss twins retain 94.5% voting power with a $3.07 billion stake. This crypto IPO success highlights a broader wave of 2025 listings, following Circle’s $1.1 billion USDC issuer debut and Bullish’s blockbuster offering. Regulatory clarity and growing institutional adoption are driving market confidence. Industry eyes upcoming IPOs from Kraken, Anchorage Digital, and Chainalysis.

Bullish

The strong debut of the Gemini IPO, with shares surging 40% and two trading halts, underscores high trader demand and volatility. Institutional backing from Nasdaq’s $50 million investment and the Winklevoss twins’ retained control reinforce confidence. In the short term, the price momentum drives bullish sentiment as traders capitalize on rapid gains. Over the long term, this success signals robust appetite for crypto IPOs, improved regulatory clarity, and rising institutional adoption, which can support higher valuations for future listings and broader market growth.