Gemini Raises Its IPO Ambitions
Gemini, the crypto exchange created by Cameron and Tyler Winklevoss, has lifted its IPO price range to $24–$26 per share. This move values the company at up to $3.08 billion, a sharp increase from earlier estimates of about $2.2 billion.
The firm plans to sell roughly 16.67 million shares, which could generate around $433 million. Adding to the confidence, Nasdaq will invest $50 million in a private placement. The stock will trade under the ticker GEMI, with Goldman Sachs and Citigroup leading the listing.
Figure Technologies Boosts Offering Terms
Figure Technologies, a blockchain and stablecoin platform, also revised its IPO terms upward. The company increased its price range to $20–$22 per share, compared to the prior $18–$20, and expanded its offering to 31.5 million shares.
At the high end of pricing, Figure could raise nearly $693 million, valuing the company at about $4.66 billion. The stock will list under FIGR, with backing from major investors such as Stanley Druckenmiller’s Duquesne Family Office.
Growing Investor Appetite for Crypto IPOs
Both Gemini and Figure’s decisions to raise their ranges highlight strong investor interest in crypto-related listings. With Bitcoin stabilizing and institutional adoption on the rise, traditional markets appear more open to blockchain-driven platforms.
If these offerings succeed, analysts believe they could set the stage for other crypto startups to consider going public. This wave of demand signals a broader shift in how capital markets view digital asset companies after years of uncertainty.
