Gemini Space Station IPO
Gemini Space Station, Inc. · Crypto Exchange and Digital Asset Platform
- Issue price
- $28per share
- Issue size
- $425M1,51,78,572 shares
- Face value
- To be announcedper equity share
- Lot size
- To be announcedMin. investment shown once set
- PricingThu, 2025
Information only, not investment advice. This page provides information compiled from official SEC filings for information purposes only. It is not investment advice or a recommendation to buy or sell any security. IPO investments involve risk, including loss of principal; read the prospectus carefully before investing.
Issue details
- Issue type
- Firm commitment, fresh issue
- Fresh issue
- 1,51,78,572 shares ($398.44M)
- Offer for sale
- None
- Total issue
- 1,51,78,572 shares ($425M)
- Face value
- —
- Listing at
- Nasdaq
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
Special quotas
- directed_share_program
- 15,17,857 shares
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 30 Jun 20256 months | 31 Dec 202412 months | 31 Dec 202312 months |
|---|---|---|---|
| Revenue from operations | 6.86 | 14.22 | 9.81 |
| Profit after tax | -28.25 | -15.85 | -31.97 |
| Net worth | -106.95 | — | — |
| Total assets | 157.29 | — | — |
12 months vs 12 months: revenue +44.9%, profit after tax +50.4%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
About the company
Gemini operates a crypto-asset platform that lets retail and institutional users buy, sell, store and stake digital assets. Its offering set includes a derivatives exchange, OTC desk, institutional custody, a NYDFS-regulated stablecoin, a crypto credit card and an NFT studio. Revenue is largely transaction-fee based.
- Incorporated
- —
- Industry
- Crypto Exchange and Digital Asset Platform
- Sector
- Financial Services
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Winklevoss Capital Fund, LLC | Other | 100.00% | 100.00% | 0 |
| Entities affiliated with Morgan Creek | Selling shareholder | 10.70% | 6.60% | 4,58,364 |
| Marshall Beard | Selling shareholder | 4.30% | 2.70% | 2,58,901 |
| Tyler Meade | Selling shareholder | 3.30% | 2.10% | 1,99,463 |
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| General corporate purposes, including product development, general and administrative matters, capital expenditures and repaying part or all of third-party indebtedness | 43.72 |
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
Strengths and risks
Our summary of what the offer document statesSource: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
Contacts
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price ($28) appear here after the shares list on Nasdaq.
Work out the gain or loss on allotted shares after charges →
Frequently asked questions
What is the Gemini Space Station IPO price band?
The final issue price is $28 per share.
Where will Gemini Space Station shares list?
On Nasdaq.
How will the money raised be used?
$437.2M for .
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.