Gemini's stock price fell below its IPO price of $28 on Wednesday, wiping out its market capitalization to $2.9 billion.

PANews reported on September 18th that according to Zhitong Finance, the share price of Gemini Space Station (GEMI.US), the crypto exchange owned by the Winklevoss brothers, continued its decline on Wednesday, falling below its IPO price of $28 just days after its US listing. The current share price closed at $24.53, a single-day drop of 12.8%, with a current market capitalization of $2.9 billion. The company officially listed on the US stock market on September 12th and saw a sharp rise on its first day of trading, but has subsequently come under pressure. Notably, SEC documents revealed that Gemini's Chief Legal Officer, Tyler Meade, and Chief Operating Officer, Marshall Beard, reported multiple insider stock transactions on Monday.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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