Crypto exchange Gemini prices IPO above range to raise $425 million


Gemini logo is seen in this illustration taken September 9, 2025. REUTERS/Dado Ruvic/Illustration

(Reuters) - Cryptocurrency firm Gemini Space Station raised $425 million in an initial public offering on Thursday, pricing its stock above a marketed range.

The company led by the billionaire twins Tyler and Cameron Winklevoss sold around 15.2 million shares for $28 apiece, after marketing them for $24 to $26, it said in a statement, confirming an earlier report by Reuters.

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