Gemini atinge teto de IPO de US$ 425 milhões em meio a demanda esmagadora

O mercado de criptomoedas testemunha mais uma jogada ousada enquanto a Gemini estabelece seu limite máximo de oferta pública.

Demanda Superaquecida

Investidores brigam por uma fatia da exchange, demonstrando apetite insaciável por exposição ao setor digital—mesmo com os tradicionais do mercado financeiro ainda coçando a cabeça.

Estratégia ou Precaução?

A decisão de limitar o IPO a US$ 425 milhões chega em um momento de volatilidade regulatória, sugerindo que até os otimistas estão mantendo um pé atrás. Porque, vamos combinar, no mundo das criptos, até os bull markets precisam de um plano B.

O setor financeiro tradicional pode continuar cético, mas os números não mentem: a corrida por inovação digital só está esquentando.

Gemini adjusts IPO terms as Nasdaq, retail buyers enter mix

The decision to hold back on upsizing the IPO comes during a hot week for U.S. public listings. Three big deals, Klarna Group Plc, Figure Technology Solutions Inc., and LB Pharmaceuticals Inc., have all outperformed their price targets.

Klarna and Figure are both priced above their ranges. LB priced in the middle and still expanded its offer. Across the board, shares of companies going public in 2025 on U.S. exchanges are showing an average gain of 36.5%, excluding SPACs and closed-end funds.

Despite this, Gemini is playing it tight. The company said in updated plans earlier this week that Nasdaq Inc. will pump $50 million into the company through a private placement that runs alongside the IPO.

Gemini also bumped up the share allocation for retail investors, jumping from 10% to 30%. That means everyday traders on Robinhood, SoFi, and Webull are getting a larger piece of the offering than originally expected.

Cameron and Tyler owned nearly all of Gemini before this IPO. Even after the listing closes, they’re expected to keep 94.5% of voting power, based on the company’s filings. That grip on control is one reason Gemini doesn’t want to mess with more dilution.

The 16.7 million shares represent roughly 14% of total shares outstanding post-offering, including the Nasdaq placement. Trading is scheduled to begin on Friday on the Nasdaq Global Select Market under the ticker GEMI.

The IPO is being led by Goldman Sachs Group Inc., Citigroup Inc., Morgan Stanley, and Cantor Fitzgerald.

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