🚨 Gemini’s $2.22B IPO Just Got a Big Boost – $50M from Nasdaq

📢 Gemini, the crypto exchange founded by the Winklevoss twins, is gearing up for its IPO this week – and just secured a $50M strategic investment from Nasdaq.

🔍 Why this matters:

✅ Legitimization of Crypto Exchanges: Nasdaq’s backing signals mainstream acceptance of digital asset platforms

✅ Strategic Partnership:

▫️ Nasdaq clients get access to Gemini’s custody & staking services

▫️ Gemini’s institutional clients gain Calypso platform access for collateral tracking & trading

✅ IPO Details:

▫️ Target valuation: $2.22B

▫️ Raising $317M by selling 16.7M shares at $17–$19 each

▫️ Ticker: GEMI (listing on Nasdaq, Sept 12)

🌐 Use of Proceeds: Product development, operations, capex, and partial debt repayment.

#Gemini #IPO #Nasdaq #Crypto #Blockchain

https://coingape.com/gemini-ipo-secures-50m-investment-from-nasdaq/?utm_source=linkedin&utm_medium=coingape