There are numerous speculations about the IPO of the cryptocurrency exchange Gemini and the potential share price. However, official confirmations are pending.
Details on the Rumored IPO
Rumors regarding Gemini's IPO emerged from an unverified report suggesting the exchange raised $425 million by issuing approximately 15.2 million shares at $28 each. Initial pricing was reportedly set between $24 and $26.
Analysts and Experts Reactions
Market analysts express caution, highlighting the need for official statements to ascertain the IPO's potential effects. Despite secondary reporting, no concrete market shifts have been observed.
Historical Parallels with Coinbase IPO
Coinbase's IPO in April 2021 marked a significant moment, causing initial price fluctuations. Similar impacts are anticipated for Gemini, should its IPO be confirmed.
The details regarding Gemini's IPO remain uncertain, and it's essential to wait for official announcements for accurate market analysis and potential implications.
