Cryptocurrency firm Gemini Space Station raised $425 million in an IPO, pricing stock at $28 per share, above the marketed range. The IPO values Gemini at $3.33 billion. Nasdaq committed to a $50 million investment. Gemini will trade under the ticker “GEMI” on Friday, reflecting the growing momentum in crypto listings.

Regulatory wins and high digital asset prices have revitalized the once beleaguered sector, leading to robust investor demand for Gemini’s IPO. Gemini’s success is attributed to New York-based, billionaire-led company and regulatory easing under President Donald Trump, despite ongoing legal issues with the SEC.

Gemini’s IPO success highlights the growing influence of the crypto sector in Washington, with regulatory wins and high demand driving the company’s valuation. The Winklevoss twins’ involvement in resolving an SEC lawsuit also adds to the narrative of the company’s rise in the IPO market.

Read more at Yahoo Finance: Crypto exchange Gemini prices IPO above range to raise $425 million