Lates News

Gemini, the cryptocurrency exchange owned by the Winklevoss brothers, has secured up to $50 million in investment from Nasdaq through a private placement as it prepares for an IPO. Documents show that Gemini has reached an agreement with Nasdaq for the acquisition of its Class A common stock. The price per share of this transaction is equal to Gemini's IPO price minus underwriting discounts and commissions, and will be completed immediately after the listing and subject to certain trading conditions. Gemini, led by billionaires Tyler Winklevoss and Cameron Winklevoss, plans to raise up to $316.7 million in its initial public offering. According to documents, the New York-based cryptocurrency exchange and custody platform plans to issue 16.7 million shares at a price range of $17 to $19 per share. The stock is expected to begin trading on Friday.