Gemini Secures $50 Million Nasdaq Investment Ahead of IPO Debut Under Ticker GEMI
- Nasdaq invests $50 million in Gemini via private placement ahead of IPO debut.
- Gemini to raise $300M+ with GEMI listing, offering 16.7 million Class A shares.
- IPO marks Gemini as the third US-listed crypto exchange after Coinbase, Bullish.
Gemini exchange has recruited Nasdaq as a strategic investor ahead of its scheduled IPO this week. The partnership involves Nasdaq purchasing $50 million in shares through a private placement concurrent with the public listing.
The partnership encompasses operational synergies between the two platforms in addition to financial investment. While Gemini’s institutional users can use Nasdaq’s Calypso platform to manage and track trading collateral, Nasdaq’s institutional clients will have access to Gemini’s cryptocurrency custody and staking services.
IPO Details and Market Positioning
Gemini plans to offer 16,666,667 shares of Class A common stock at a price range of $17.00 to $19.00 per share, potentially raising over $300 million. The offering includes a 30-day option for underwriters to purchase up to 2,396,348 additional shares from Gemini and 103,652 shares from selling stockholders.
This Friday, the Winklevoss …
The post Gemini Secures $50 Million Nasdaq Investment Ahead of IPO Debut Under Ticker GEMI appeared first on Coin Edition.
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Gemini Secures $50 Million Nasdaq Investment Ahead of IPO Debut Under Ticker GEMI
- Nasdaq invests $50 million in Gemini via private placement ahead of IPO debut.
- Gemini to raise $300M+ with GEMI listing, offering 16.7 million Class A shares.
- IPO marks Gemini as the third US-listed crypto exchange after Coinbase, Bullish.
Gemini exchange has recruited Nasdaq as a strategic investor ahead of its scheduled IPO this week. The partnership involves Nasdaq purchasing $50 million in shares through a private placement concurrent with the public listing.
The partnership encompasses operational synergies between the two platforms in addition to financial investment. While Gemini’s institutional users can use Nasdaq’s Calypso platform to manage and track trading collateral, Nasdaq’s institutional clients will have access to Gemini’s cryptocurrency custody and staking services.
IPO Details and Market Positioning
Gemini plans to offer 16,666,667 shares of Class A common stock at a price range of $17.00 to $19.00 per share, potentially raising over $300 million. The offering includes a 30-day option for underwriters to purchase up to 2,396,348 additional shares from Gemini and 103,652 shares from selling stockholders.
This Friday, the Winklevoss …
The post Gemini Secures $50 Million Nasdaq Investment Ahead of IPO Debut Under Ticker GEMI appeared first on Coin Edition.
Read More
Asia Market Open: Bitcoin, Global Markets Climb as US Shutdown Negotiations Show Signs of Progress