Gemini Space Station, Inc., a global crypto platform, has announced the pricing of its initial public offering of 15,178,572 shares of Class A common stock at a public offering price of $28.00 per share.
In connection with the offering, Gemini and the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 300,565 and 458,364 shares of Class A common stock, respectively, to cover over-allotments.
Gemini will not receive any proceeds from any sale of shares by the selling stockholders.
Gemini’s Class A common stock is expected to begin trading on the Nasdaq Global Select Market on September 12, 2025 under the ticker symbol “GEMI” and the offering is expected to close on September 15, 2025, subject to customary closing conditions.
Goldman Sachs & Co. LLC and Citigroup are acting as lead bookrunners. Morgan Stanley and Cantor are also acting as lead bookrunners. Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, Needham & Company, and Rosenblatt are acting as bookrunners. Academy Securities, AmeriVet Securities, and Roberts & Ryan are acting as co-managers.
The offering is being made only by means of a prospectus.
