Gemini boots IPO to $433M, aims for $3 billion valuation
Crypto exchange Gemini upped its initial public offering ahead of its debut on Friday, and is now aiming for a valuation of over $3 billion.
Crypto exchange Gemini has upped its initial public offering ahead of its debut on Friday and is now aiming for a valuation exceeding $3 billion, showing growing investor interest in crypto-related companies.
The updated prospectus, filed with the Securities and Exchange Commission on Tuesday, said that the Cameron and Tyler Winklevoss-founded firm now intends to sell its stock in the range of $24 and $26, up from its initial $17 to $19 offer.
The exchange will offer around 16.67 million shares, the same as before, and aim for a raise of $433 million, up from its goal of raising $317 million in its initial filing on Sept. 2.