Gemini Raises IPO Target to $433M at $3.1B Valuation After Strong Investor Demand

Gemini Space Station Inc. increased its initial public offering target to $433.3 million after oversubscribed demand prompted a price range increase to $24-$26 per share from the original $17-$19 range, achieving a $3.1 billion valuation at the top of the elevated range while Nasdaq committed $50 million in a private placement contingent on successful closing.

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