Gemini IPO Date, Price, Terms, and S-1
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Explore opportunities to invest in the Gemini IPO. The IPO date was Friday, September 12th.The final IPO price is $28 per share. The stock opened for trading at $37.01 per share at 1:40 pm ET. It trades under the symbol “GEMI” on the Nasdaq. Read the S-1 filing.
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Table of Contents
Recent Gemini News
09/012/2025: Gemini Open for Trading
09/09/2025: Gemini Ups IPO Price Range
09/09/2025: Gemini taps Nasdaq as strategic investor
09/02/2025: Gemini Releases IPO Terms
Older News…
About Gemini
Gemini Space Station is a cryptocurrency exchange and coin custodian.
The company was founded in 2014 by Cameron and Tyler Winklevoss with a “security-first” mentality, aiming to create simple, elegant, and secure ways for individuals and institutions to engage with cryptocurrencies.
The Winklevoss twins are also known for their lawsuit against Facebook and their 2008 Olympic rowing appearance.
Gemini supports trading in over 70 cryptocurrencies and offers its own stablecoin, the Gemini dollar. Other products include a trading platform, crypto staking, institutional services, and a credit card.
In the competitive landscape, Gemini stands out for its strong regulatory stance and comprehensive service offerings, positioning itself as a reliable partner in the crypto market.
Gemini faced a government lawsuit due to launching its Gemini Earn product without appropriate regulatory approval. Its lending partner in the service, Genesis Global Capital, filed for bankruptcy in 2023, and Gemini agreed to return $1.1 billion to customers.
Here’s a recent show about how to prepare to invest in the Gemini IPO:
Terms
- Gemini IPO Date: Friday, September 12th
- Stock Symbol: “GEMI”
- Exchange: Nasdaq
- Offering: 16,666,667
- Final IPO Price: $28
- Opening Trade: $37.01
- 1st Day Close: $32, up 14.5%
- IPO Price Range: $24-$26
- Raise: $466 million
- IPO Valuation: $4.0 billion
- Roadshow
- Broker access: Robinhood, Moomoo, Webull, Fidelity, SoFi Invest
- Lead Underwriters: Goldman Sachs, Citigroup
S-1 Filing
Here is the Gemini S-1 filing released on September 2nd that includes IPO terms.
Find the latest version on the SEC website.
Ownership
The Winklevoss twins primarily own Gemini. Though specific details are not publicly available, the twins likely maintain a majority of ownership and voting rights.
Upon its release, the SEC S-1 filing will disclose specific ownership information.
Gemini has raised only one venture capital funding round in November 2021, led by Morgan Creek Digital. Other participants included 10T, ParaFi, Newflow Partners, Marcy Venture Partners, and the Commonwealth Bank of Australia.
Employees likely make up the balance of Gemini ownership.
Funding Rounds
| Round | Date | Est. Valuation | Raise Amount | Price |
|---|---|---|---|---|
| Series A | 11/18/2021 | $7.10B | $400.00M | NA |
| Source: Caplight |
Valuation
The latest confirmed private Gemini valuation is $7.1 billion based on the November 2021 Series A funding round.
November 2021 was the peak of the private market and fintech euphoria. The raise was likely overvalued at the time.
The IPO valuation $4.0 billion.
The SEC filing will give us an update on where financials stand today. Secondary marketplace transactions are scarce at this time, providing no valuation estimates.
IPO Potential
The Gemini IPO date is planned for Friday, September 12th. The deal priced the evening before at $28 per share.
The company went from “considering an initial public offering as soon as this year” as reported by Bloomberg on February 6th, 2025, to filing confidentially one month later (March 7th).
Aspiring public companies like StubHub moved quickly as the IPO window may not last.
All indications point to a Gemini IPO as soon as this summer. The specific timing of its IPO will depend on feedback from the SEC and the progress of other fintech IPOs such as Klarna, eToro, Kraken, Bullish, and Circle.
Goldman Sachs and Citigroup will lead the deal.
How to Invest in Gemini Stock
Gemini stock is now a public company. If you missed the IPO, don’t fret.
Waiting for the IPO has advantages, like access to detailed financials after the first quarter of trading. Pre-IPO investing often has limited financials for individual investors.
High-demand IPO companies may have exaggerated valuations. Investors can benefit by attempting to sell near the peak but may suffer when prices revert to fair valuations. Timing the market is always challenging.
IPOs often start with high valuations, but stock prices may fall after the first and second-quarter earnings reports expose significant numbers and trends.
Stock price declines can be excellent entry points for recent IPO stock. Avoid buying overvalued shares immediately after the IPO due to lockup expirations and earnings disappointments.
However, the most disruptive companies may perform better over a decade, so patience is key.
Frequently Asked Questions (FAQs)
Is Gemini Publicly Traded?
Yes. The Gemini IPO date was Friday, September 12th.
What is the Gemini Stock Price?
What is the Gemini Stock Symbol?
The Gemini ticker symbol is “GEMI”.
Gemini News Archive
08/15/2025: Gemini reveals lower revenue and wider loss
08/15/2025: Gemini Space Station Files for an IPO
03/07/2025: Winklevoss Twins’ Gemini Files Confidentially for IPO
02/06/2025: Crypto Exchange Gemini Is Said to Weigh IPO
02/28/2024: Gemini to return $1.1bn to customers
11/18/2021: Gemini Raises $400 Million at $7.1 Billion Valuation
Conclusion
The Gemini IPO marked more than just another crypto exchange going public — it tested whether the Winklevoss twins would prioritize everyday investors (customers) or Wall Street elites.
With its history of strong security and regulatory focus, Gemini entered the public markets as one of the most trusted names in crypto.
Still, past controversies weighed on investor sentiment leading up to the debut. As expected, the S-1 drew heavy scrutiny from both retail and institutional investors — and the market’s response offered an early read on how much faith remains in crypto’s long-term promise.
Now that the IPO dust has settled, Gemini’s trajectory will depend on broader fintech trends, market conditions, and ongoing SEC oversight.
Retail participation was one of the highest in the history of IPOs, but the stock did not perform.
With trading underway, investors can finally judge Gemini’s valuation and fundamentals in real time.
Long-term investors should continue to assess Gemini’s financial performance and competitive standing beyond the excitement of its market debut.
Whether Gemini grows into a lasting public success story or faces the same volatility that has defined much of the crypto sector will say a great deal about the future of crypto-native companies on Wall Street.
Craig Stephens is a former IT professional who left his 19-year consulting career at the IRS to be a full-time finance writer. He started Access IPOs in 2016 to provide a resource for ordinary investors pursuing investment access to IPOs and pre-IPO startups. Craig studied Finance at Michigan State University and lives in Northern Virginia with his wife and three children. Learn more about Craig.
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