Tag: Nasdaq

Gemini IPO soars above range as underwriters fully exercise option, shares surge on Nasdaq debut Business

Gemini IPO soars above range as underwriters fully exercise option, shares surge on Nasdaq debut

Gemini Space Station priced its IPO at $28, above both initial and revised ranges, raising about $425 million at a roughly $3.3 billion valuation. Shares began trading on Nasdaq as GEMI, opened at $37.01, spiked to $45.89, and briefly halted for volatility. Underwriters fully exercised the 2.5 million-share over-allotment. Up to 30% of the offering went to retail investors, and Nasdaq made a $50 million strategic investment.

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