Gemini Space Station (NASDAQ: GEMI) had a successful IPO, raising $425 million and seeing its stock price soar to $45.89 from an initial price of $28 per share. The Winklevoss twins, known for their legal battles with Mark Zuckerberg, back the company. Despite the hype, Gemini posted a net loss of $159 million in 2024, with losses increasing to $283 million in the first half of this year. This IPO follows Figure Technology Solutions, which saw shares jump from $25 to $32.50 on its first day of trading. The Motley Fool did not include Gemini in its list of top 10 stocks to buy.

Read more at Nasdaq: Why Did Gemini Space Station (GEMI) Stock Jump Today?