The Crypto Exchange Gemini rose to the initial public offering of its debut on Friday and aimed at an appreciation of more than $ 3 billion, showing the growing interest of investor in crypto-related companies.
The updated prospectus, Filed At the Securities and Exchange Commission on Tuesday, Cameron and Tyler Winklevoss said the firm now wants to sell its stock at $ 24 and $ 26, from an initial $ 17 to $ 19 offers.
The exchange will offer nearly 16.67 million shares, as usual, and aimed at an increase of $ 433 million, from this Aim to raise $ 317 million At its initial filing on September 2.
Gemini’s elevated IPO came in the midst of a fierce invasion of crypto-related companies that would go public this year that Wall Street was rushing behind as the market had gained the lovely tone of the Trump administration in the sector.
NA -BACK BACK GEMINI IPO
The company has confirmed that its debut is supported by NASDAQ, which will buy 2.11 million distribution in a $ 50 million private placement.
During this, Gemini reported the total income to stand at $ 68.61 million for the six months ended on June 30, a reduction of $ 5.71 million from the same period last year. Meanwhile, its net loss increased to $ 282.47 million from $ 41.37 million at the same time.
Gemini saw the increase in trade volume, up to $ 24.8 billion for the six months ended on June 30, an increase of nearly 50% from last year.
Increasing interest in crypto -related companies
Investors seem to have a strong interest in crypto -related companies this year.
Stablecoin Issuer Circle Debuted with New York Stock Exchange (NYSE) with a benefit of 167%. The stock briefly touched the $ 298 mark; However, it completed the Tuesday trading session at $ 118.10, According to In Google Finance.
Related: Circle’s Nyse debut scores start the Crypto IPO Season: Are Kraken, Gemini and Bullish next?
Similarly, the CryptoCurrency Exchange Operator and Media Company shares Bullish saw strongly acquired 218% on the day of its list.
Earlier in May, Coinbase became First crypto firm to enter 500 index of standard and weak, An index that tracks the top 500 American companies.
Meanwhile, Crypto Exchange Kraken has been reported to be viewed Raise $ 500 million in a $ 15 billion appreciation.
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