Gemini Space Station (GEMI) saw a 60% surge in shares during its NYSE debut, settling at a 25% gain and a $1.5 billion valuation. The IPO raised $425 million, with shares opening at $37.01 and reaching $45 before dropping to $35. Trading was briefly halted for volatility. Gemini manages over $21 billion and serves 10,000 institutions globally, offering a stablecoin, credit card, and NFT platform. Other crypto IPOs, like Circle (CRCL) and Bullish (BLSH), have also seen strong gains. Meta Platforms ($META) has an indirect connection through the Winklevoss brothers’ legal battle with Mark Zuckerberg.

Read more at Quiver Quantitative: Gemini Space Station Valued at $1.5 Billion After Volatile NYSE Debut