Gemini Nasdaq IPO catch $425M, jump 40% to $40.71
Gemini IPO for Nasdaq raise $425 million after dem price set between $24-$26 and e oversubscrib 20 times. Shares start for $28 then rise pass 40% to max $40.71, cause two trading halt because wahala plenty. Nasdaq lead institutional support with $50 million investment. The Winklevoss twins still get 94.5% voting power with stake $3.07 billion. Dis crypto IPO success show say more companies go list for 2025, after Circle $1.1 billion USDC issuer debut and Bullish big offering. Regulatory clarity and the way institutions dey adopt am dey give market confidence. Industry dey dey look forward Kraken, Anchorage Digital, and Chainalysis IPO dem wey dey come.
Bullish
Di strong start wey Gemini IPO get, wen dem shares jump 40% plus two times dem stop market, e show say many traders dey find am and say market dey shake. Nasdaq own put $50 million plus say the Winklevoss twins still get control, e make people trust di thing more. For short time, di way price dey move dey make people believe say market go good as traders dey take quick profit. For long time, dis success mean say people want crypto IPO well, regulatory things clear pass before, plus more company dem dey use am, we fit expect say future listing price go high and di market go grow well well.