Gemini announces 30% of IPO shares will be allocated to retail investors

PANews reported on September 11th, according to Bloomberg, that Gemini Space Station Inc. announced that it will allocate up to 30% of its initial public offering (IPO) to retail investors through online brokerage platforms such as Robinhood, Moomoo, and Webull. These investors must agree to a lock-up clause for the first month. The company also raised the IPO price range from $17-19 to $24-26 and brought in Nasdaq as a $50 million private placement investor. Previously, Bullish had only allocated 20% of its shares to individual investors. This move by Gemini is intended to attract cryptocurrency users, despite the company's current losses and limited market share.

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