Gemini’s upcoming initial public offering has been oversubscribed more than 20 times, leading the exchange to halt share orders early. The offering is now expected to raise $425 million, with Nasdaq participating as a key investor through a $50 million strategic purchase.

The strong interest mirrors recent successful crypto listings, including Figure Technologies, which saw its shares rise 24.4% on its debut. This trend highlights growing investor appetite for blockchain and digital asset companies entering public markets.

2025 is anticipated to see further major crypto-related IPOs from firms such as Kraken and Chainalysis.

source: Cointelegraph

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