Web3 IPOs Are So Hot Right Now, Even Your Grandma Wants In 🚀

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Oh, you thought the crypto craze was over? Honey, Gemini’s upcoming IPO is here to remind you that nothing says “trust me with your money” like a blockchain company. Reports say it’s *20 times oversubscribed*-yes, 20X, because apparently everyone forgot about FTX. 🙃

According to Reuters (you know, the people who actually know stuff), Gemini and its bankers were so overwhelmed by investor enthusiasm they stopped taking orders early. Like, “sorry, we’re full” levels of demand. This move, which is apparently “unusual” for an IPO, capped proceeds at $425 million. Unusual? Sure. Effective? Absolutely.

Gemini initially wanted to raise $433 million, with shares priced between $24 and $26. But let’s be real, when you start with a floor price of $17-$19 and end up way higher, it’s less “we underestimated demand” and more “cha-ching, baby!” 💰

And guess who’s throwing their hat in the ring? Nasdaq-the tech stock exchange that sounds like a futuristic sneaker brand-is buying $50 million worth of shares as part of a “strategic partnership.” Because nothing screams innovation like partnering with… another financial institution. 🤝

Meanwhile, Figure Technologies made its Nasdaq debut this week, and its shares jumped 24.4% on the first day. Not too shabby for a blockchain-based marketplace that probably has fewer users than your aunt’s Facebook game requests. 😅

Figure kept revising its list price because, apparently, investors couldn’t get enough. Bids pushed the share price to $25 from $18, raising a cool $787.5 million. At this rate, they’ll have enough cash to buy everyone a participation trophy. 🏆

Other Crypto IPOs in 2025

But wait, there’s more! While Figure did well, it didn’t quite reach the stratospheric heights of Circle or Bullish. Circle, the stablecoin issuer everyone pretends to understand, raised $1 billion and saw its stock skyrocket 167% on Day One. As for Bullish, their shares soared up to 218%. That’s not an IPO; that’s a moon launch. 🌕

Bitwise, the ETF issuer that loves crypto almost as much as it loves buzzwords, predicted 2025 would be *the year of the crypto IPO.* Companies like Kraken, Anchorage Digital, and Chainalysis are supposedly next in line to go public. So grab your popcorn-and maybe a stress ball-because this rollercoaster isn’t stopping anytime soon. 🎢

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2025-09-12 01:36