Oh, look at that! Gemini IPO just flaunted its $425 million cap like it’s going to the hottest soiree in crypto-town. They absolutely stuck to that hard cap they set before the IPO debuted on the Nasdaq! 🙌🎉
- Gemini IPO was like, “Nah, we’re good with $425 million,” ignoring a private party with a cool $50 million from Nasdaq.
- Reuters, because they love adding numbers, figured this cap could balloon Gemini’s value up to a wild $3 billion based on the 20-times oversubscribed demand. Who needs reasons?
According to Bloomberg’s financial forensics, Gemini IPO decided to sell roughly 15.2 million shares at an impressive $28 per share. Somehow they managed to sell on the street for just $24 to $26. Because, you know, price tags are suggestions. 🐰
Here’s the kicker: The company told their investors-just hours before the big reveal-that they wouldn’t budge past $425 million in their coffers. But hey, it’s the public share sale cash, not counting that private $50 million from Nasdaq. Because priorities, am I right?
The Winklevoss twins’ crypto offspring also decided to play Santa and distribute up to 10% of the shares to loyal users, management, staff, friends, and family-because who doesn’t love good bosses? 😎 Plus, up to 30% for retail investors on platforms like Robinhood because, as we all know, Robinhood is the magic money land.
Financial reports say U.S. exchanges copped up $26.8 billion in 2025 alone (the year we’re in, as far as I’m aware) and it’s been increasing faster than a hyped-up cryptocurrency. Even back in 2024, they were raking in $20.4 billion. Talk about improvement!
Moving over to the real headline isn’t just about numbers though, it’s about creating scarcity. Gemini IPO decided to set a cap, forsaking extra cash, just to make sure everyone knew they were super-exclusive and limited in supply. Because who wants to be part of the great and popular?
Being fun doesn’t end at caps alone: lead underwriters Goldman Sachs and Citigroup had to prematurely end their order book party. The interest was through the roof-over 20 times the planned subscriptions! If they’d taken all the orders, Gemini could have been swimming in $433 million. If only! 🙄
If everything aligned perfectly, this would have translated into a valuation of over $3 billion. Wait for it, supply-n-demand malarkey at its finest!
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2025-09-12 11:23