Gemini completes IPO with 15.9 million shares priced at $28 each

Gemini Space Station Inc. completed its initial public offering on September 15, selling 15,937,501 shares of Class A common stock at $28.00 per share, according to a company statement. The crypto platform began trading on the Nasdaq Global Select Market on September 12 under the ticker symbol GEMI (NASDAQ: GEMI).

The offering included 300,565 shares sold by Gemini and 458,364 shares sold by existing stockholders through the underwriters' over-allotment option. Gemini did not receive proceeds from the shares sold by existing stockholders.

Goldman Sachs and Citigroup served as lead bookrunners for the offering. Morgan Stanley and Cantor also acted as lead bookrunners, while Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe Bruyette & Woods, Needham & Company, and Rosenblatt served as bookrunners.

Founded by Cameron and Tyler Winklevoss in 2014, Gemini operates as a crypto platform serving individuals and institutions across more than 60 countries. The company offers various cryptocurrency products and services.

The Securities and Exchange Commission previously declared the registration statement for the offering effective. Prospectus copies are available through the SEC's EDGAR database or from the lead underwriters.

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