
PANews|Sep 18, 2025 00:39
Gemini's stock price fell below its $28 IPO price on Wednesday, with its market value shrinking to $2.9 billion.
According to Zhitong Finance, the crypto exchange Gemini Space Station (http://GEMI.US) continued its downward trend on Wednesday, breaking below its $28 IPO price just days after its U.S. market debut.
The company officially went public on September 12, experiencing a significant surge on its first trading day but has since faced ongoing pressure.
Notably, SEC filings revealed that on Monday, Gemini's Chief Legal Officer Tyler Meade and Chief Operating Officer Marshall Beard reported multiple instances of insider stock trading.
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