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Zhitong
2025.09.09 12:07

The cryptocurrency exchange Gemini, owned by the Winklevoss brothers, has secured up to $50 million in investment from Nasdaq through a private placement as it prepares for its IPO. Documents show that Gemini has reached an agreement with Nasdaq for the latter to acquire its Class A common stock. The per-share price of this transaction is equal to Gemini's IPO price minus underwriting discounts and commissions, and it will be completed immediately after the listing, subject to certain closing conditions. Led by billionaires Tyler Winklevoss and Cameron Winklevoss, Gemini plans to raise up to $316.7 million in its debut. According to the documents, the New York-based cryptocurrency trading and custody platform plans to issue 16.7 million shares at an offering price range of $17 to $19 per share. The stock is expected to begin trading on Friday

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