Key Highlights

  • Gemini IPO priced at $28, raising $425M at over $3B valuation
  • Winklevoss twins retain 94.5% control after listing
  • Up to 30% of IPO shares set aside for retail investors

Gemini Finalizes IPO Pricing at $28 Ahead of Nasdaq Debut

Gemini Space Station, Inc. has finalizedthe pricing of its highly anticipated initial public offering (IPO), setting shares at $28 each. The deal will raise $425 million and give the company a valuation of more than $3 billion as it lists on the Nasdaq Global Select Market under the ticker symbol GEMI.

The decision follows multiple adjustments to Gemini’s price range. The company initially targeted $17–$19 per share, then raised it to $24–$26, before confirming the final $28 pricing in response to strong investor interest.

gemi ipo price - Gemini Sets Final IPO Price at 28 With Shares Ready to Trade on Nasdaq

IPO Structure and Market Details

The offering will consist of 15,178,572 shares, with an additional 758,929 shares reserved for a 30-day option granted to underwriters. Goldman Sachs, Citigroup, Morgan Stanley, and Cantor are acting as bookrunners for the deal.

gemi ipo price - Gemini Sets Final IPO Price at 28 With Shares Ready to Trade on Nasdaq

Notably, Gemini has reserved up to 10% of shares for insiders and loyal users, while as much as 30% will be allocated to retail investors through platforms such as Robinhood, SoFi, and Webull.

Winklevoss Control and Market Impact

According to Bloomberg, Tyler and Cameron Winklevoss, co-founders of Gemini, owned nearly all of the company prior to the IPO. After the listing, they are expected to maintain 94.5% control, ensuring they remain firmly in charge of the company’s strategic direction.

By securing a higher IPO price and allocating a meaningful share to retail investors, Gemini signals confidence in its market positioning while broadening participation. The successful debut is set to be one of the most closely watched crypto-related IPOs of 2025.