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Gemini’s highly anticipated initial public offering has been oversubscribed more than 20 times, demonstrating robust investor appetite for crypto ventures. The exchange capped proceeds at $425 million after halting new orders ahead of its market debut. This move highlights the growing mainstream acceptance of cryptocurrency businesses.
- Gemini halted new IPO orders a day before debut, capping proceeds at $425 million.
- The IPO was oversubscribed more than 20 times, reflecting high investor demand.
- Share price range was adjusted upward to $24-$26 from an initial $17-$19 floor.
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