Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., September 12, 2025. REUTERS/Jeenah Moon
(Reuters) - Gemini Space Station shares jumped 32.2% in their Nasdaq debut on Friday, giving the cryptocurrency exchange a valuation of $4.4 billion and capping a bright week for digital asset companies in a resurgent U.S. IPO market.
The company's shares opened at $37.01, above an already raised IPO price of $28 apiece, at which it raised $425 million by selling around 15.2 million shares. The company marketed the IPO in the price range of between $24 and $26.
