Winklevosses’ crypto exchange Gemini raises $425 Million in IPO, Bloomberg News reports

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Winklevosses’ crypto exchange Gemini raises $425 Million in IPO, Bloomberg News reports

Reuters09-12

Winklevosses’ crypto exchange Gemini raises $425 Million in IPO, Bloomberg News reports

Sept 11 (Reuters) - Gemini Space Station raised $425 million in an initial public offering, pricing its stock above a marketed range and shrinking the number of shares, Bloomberg News reported on Thursday.

The cryptocurrency firm led by the billionaire Winklevoss twins sold about 15.2 million shares on Thursday for $28 each after marketing them for $24 to $26 apiece, the report said.

(Reporting by Devika Nair in Bengaluru; Editing by Arun Koyyur)

((Devika.MadhusudhananNair@thomsonreuters.com;))

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