Gemini Prices IPO Above Range, Raises $425M

Gemini Space Station, a cryptocurrency firm, successfully raised $425 million in its initial public offering (IPO) on Thursday. The company priced its stock above the previously marketed range, signaling strong investor demand. This significant capital infusion of $425 million is expected to fuel Gemini's further growth and market expansion. The IPO's success, particularly in exceeding expectations for its pricing, underscores continued investor confidence in the cryptocurrency sector and its viability for public market participation.