PANews
PANews|Sep 10, 2025 00:35
[Gemini Raises U.S. IPO Fundraising Target to $433 Million] According to Bloomberg, Gemini has raised its U.S. IPO fundraising target to $433 million, increasing the offering price range from $17-19 per share to $24-26 per share, with a total of 16.7 million shares to be issued. Based on the upper limit of the range, Gemini's valuation would reach $3.1 billion. Nasdaq has subscribed to $50 million in private placement shares, and after the IPO, Gemini will be listed on Nasdaq under the stock ticker GEMI. The company reported a net loss of $283 million and revenue of $68.6 million for the first half of the year.
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