Gemini IPO Move Allocates 30 Percent to Retail Traders in Bold Market Strategy
Gemini, the cryptocurrency exchange founded by the Winklevoss twins in 2013, is making waves in the crypto world with its upcoming Nasdaq IPO, set to debut on September 13, 2025, under the ticker “GEMI.”
Known for its robust custody services, managing over $18 billion in assets, and a suite of offerings like the GUSD stablecoin and a crypto rewards credit card, Gemini is positioning itself as a heavyweight in the digital asset space.
The exchange, which ranks 35th globally in trading volume but third in custody behind Coinbase and BitGo, is capitalizing on the crypto market’s resurgence to go public.
Gemini aims to raise $433.3 million by selling 16.67 million shares priced between $24 and $26 each, a significant jump from its initial $17–$19 range, targeting a valuation of up to $3.08 billion.
A standout feature of this IPO is its allocation of 30% of shares to retail investors through platforms like Robinhood, Webull, and Moomoo, a sharp increase from the originally planned 10%.
This move, inspired by Robinhood’s 2021 IPO strategy, bets on crypto enthusiasts as long-term shareholders, though anti-flipping rules prevent selling shares for 30 days to curb quick trades.
Nasdaq Inc. has also joined as a strategic investor with a $50 million private placement, enhancing Gemini’s credibility and operational synergies, including access to Nasdaq’s Calypso platform for institutional clients.
The IPO comes amid a crypto IPO boom, with firms like Bullish and Circle seeing strong debuts. However, Gemini’s history of regulatory battles and a reported $282.5 million net loss on $68.6 million revenue in the first half of 2025 highlight risks.
Next, Gemini plans to use the funds to bolster operations, repay debt, and expand its product suite and international footprint, particularly in Europe under MiFID approvals.
With Goldman Sachs and Citigroup as lead bookrunners, Gemini is poised to solidify its place in the evolving crypto-finance bridge.
FAQ
What is Gemini’s IPO valuation?
Gemini is targeting a valuation of up to $3.08 billion, aiming to raise $433.3 million by selling 16.67 million shares at $24–$26 each.
How can retail investors participate in Gemini’s IPO?
Retail investors can access 30% of Gemini’s IPO shares through platforms like Robinhood, Webull, and Moomoo, with anti-flipping rules requiring a one-month holding period.
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