A bit worrying watching $Gemini Space Station, Inc.(GEMI)$ unable to take off, despite their massive backing and the overall hype around the IPO launch.
GEMI Falls Below IPO Price: Bargain Entry or a Red Flag Loss In Space?
$Gemini Space Station, Inc.(GEMI)$ Introduction: A Fast Fall From Grace Few events in equity markets generate as much excitement as a hotly anticipated IPO. For investors, a listing offers the chance to get in early on the next great growth story. But IPOs can be double-edged swords: while some soar in their first weeks, others stumble almost immediately, leaving shareholders questioning whether they misjudged the hype. That’s exactly what we’re seeing with Gemini Space (NASDAQ: GEMI). After a debut on September 12 at $28 per share, GEMI surged initially, riding strong retail enthusiasm. Yet just days later, the stock has reversed course sharply. On September 18, it closed at $24.53, down 12.8% in a single day and firmly below its IPO price. For i