Gemini Space Station, founded by the Winklevoss twins, began trading on the Nasdaq at $28 per share, raising $425 million in its IPO. The stock surged over 40% on its first day, hitting a peak of $40.71 before settling at around $35. Trading volume was high, with over 3.2 million shares exchanged. The Winklevoss twins own 75.37 million shares valued at $3.07 billion. Gemini’s IPO reflects the growing trend of cryptocurrency companies going public in the US. Companies like Circle, Bullish, and Figure Technology Solutions have also seen successful IPOs, driven by regulatory clarity and institutional interest in digital assets. Multiple crypto firms, including Kraken and Grayscale, are gearing up for public listings, with the industry raising nearly $16 billion in 2025, surpassing previous years. Industry forecasts predict crypto fundraising could reach $25 billion by year-end.

Read more at Yahoo Finance: Gemini Shares Surge 40% Following $28 Nasdaq IPO Amid Crypto Market Rally