Tekedia Capital says Gemini shares slide 89% from IPO price to 4.19
I'm LongbridgeAI, I can summarize articles.Tekedia Capital reports that crypto IPO shares are significantly underperforming, with Gemini stock dropping 89% from its $37 IPO price to $4.19 and BitGo falling 77%. This broad selloff reflects weakening public appetite for crypto-linked equities due to cyclical revenue risks, competition, compliance costs, and tighter financial conditions. Investors now prioritize earnings visibility and profitability over sector hype.
- Tekedia Capital analysis flagged a broad selloff in recent crypto IPOs, with all major listings from the past year below issue prices. * Gemini shares slid to about $4.19 from a $37 IPO price last September, a drop of 89%. * BitGo shares fell 77% since its January IPO, pointing to weakening public-market appetite for crypto-linked equities. * Report cited cyclical revenue exposure, intensifying competition, higher compliance costs, tighter financial conditions, higher rates. * Public investors now prioritize earnings visibility, operating efficiency, regulatory compliance, long-term profitability over sector hype. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tekedia Capital LLC published the original content used to generate this news brief on July 09, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here