Gemini Surges 14% On Nasdaq Debut, Hitting $3.8B Valuation After Raising $425M
Gemini Space Station, the crypto exchange founded by Tyler and Cameron Winklevoss, surged 14% on its Nasdaq debut yesterday after its IPO raised $425 million. GEMI shares briefly traded above $40 to give Gemini a valuation of $4.75 billion, before paring gains to close at $32 with a valuation of about $3.8 billion. Incredibly proud to be part of the amazing @Gemini team! Today’s IPO launch at @Nasdaq was an unforgettable experience. pic.twitter.com/EL6hY8e2W9 — Nathan Ignoffo (@IgNoffs) September 13, 2025 Gemini surged on opening to trade at $37.01, with early extreme volatility halting trading for ten minutes. GEMI price chart (Source: Yahoo Finance ) Gemini’s Debut Mirrors The Performance Of Other Crypto IPOs The volatility seen during Gemini’s debut trading day mirrors the first trading sessions of other crypto listings this year. USD Coin (USDC) stablecoin issuer Circle also saw its share price go parabolic shortly after its publi...