“The Digital Asset Firl Backed by the Billionaire Winklevoss Twins Sold 15.2 Million Shares, and Raceded $ 425 Million.”, – WRITE: www.coindesk.com
The Company Sold 15.2 Million Shares, Raising $ 425 Million, IT SAID IN A Thursday Press Release. The iPo Was 20 Times Oversubscribed, Account to A Reuters Report on Thursday.
The Shares Will Start Trading on the Nasdaq Global Select Market Later Friday Under the Ticker Symbol Gemi.
The exchange is the Latest Crypto Native Firm to Go Public. RIVAL Exchange Bullish (Blsh), The Owner of Condesk, Sold Shares at $ 37 Each Last Month, Above The Expectocted $ 32- $ 33 Range.
Gemini Said in A Filing PM Tuesday that Tradfi Giant Nasdaq (NDAQ), Had Agreed to Buy $ 50 Million of Its Class A Common Stock in A Private Placement at A Price Equal.
Lead underwriters on the gemini ipo were Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and Cantor.
Gemini Raized The Price Range for the IPO to $ 24- $ 26, from $ 17- $ 19, in an Updated S1 Filing Earlier in The Week.
Read More: Crypto Exchange Gemini Boosts Ipo Price Range to $ 24- $ 26 Per Share
With the FUNDING, the NASDAQ-Lited Firm Aims to be the Largest Public Corporate Owner of Solana’s Sol.
- Forward Industries (Ford) CLOSED ITS PREVIUSLY ANNUNCED $ 1.65 Billion Private Placement to Build Out the Largest Corporate Treasury Focused on Solana.
- Lead Investors Galaxy, Jump Crypto and Multicoin Capital Contributed Over $ 300 Million.
- Shares Initially Jumped 15% in Pre-Market Trading Following the Announcement
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