“The Winklevoss-Led Crypto Exchange Had Sold 15.2 Million Shares, Raising $ 425 Million.”, – WRITE: www.coindesk.com
The Crypto Exchange, WHICH IS RUN BY TYLER AND Cameron Winklevoss, Priced It ITS IPO at $ 28 A Share, Valuing The Company At AT AUND $ 3.3 Billion. IT HAD SOLD 15.2 Million Shares, Raising $ 425 Million.
Gemini posted a Net Loss of $ 283 Million in the First Half of the Year. That follows a $ 159 Million Loss for all of 2024, accounting to the company’s Latest Financials.
Despite the Defeening Red Ink, Gemini Priced It IPO Nicely Above the Initial Hoped-For Level and Secured A $ 50 Million Strategic Investment from Nasdaq Earlier this Week. The Stock Exchange Operator Said the Deal Is Intended to Expand Access to Gemini’s Crypto Custody Services for Institutional Clients. IT ALSO POSITIONS GEMINI AS A DISTRIBUTION OFNER FOR NASDAQ’s Trade Management Software, Calypso.
Gemini’s IPO Follows that of Other Crypto-Native Platforms, Including Stablecoin Issuer Circle, CrCl (CRCL), Bullish (Bls), Etoro (Etoro) and Figure Technologi Year in Whaters To Be A Booming Capital Market for Crypto Firms Amidst a Wave Friendly US Regulatory Action. Bullish Global is Coindesk’s Parent Company.
SOL GAINED 6% TO TRADE NEAR $ 240 As the Galaxy Digital CEO Explained Who Is Bullish on Solana and A Top Analyst Projected A Technical Breakout Pointing Town $ 1.314.
- SOL Rose Almost 6% In 24 Hours, OutperForming The Broader Crypto Market, Which Went Up 1.2% During the Same Period.
- Analyst ALI Martinez Mapped a Cup-and-Handle Breakout with A $ 1.314 Target.
- Mike Novograratz SAID SOLANA CAN PROCESS 14 Billion Transactions Daily, Calling IT Ready for Global Markets.
Read Full Story