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NASDAQ Plans to Subscribe to $50 Million Shares of Gemini Privately to Support its IPO
Summary: According to sources, the cryptocurrency exchange platform Gemini Space Station is set to go public in New York this week, with an expected highest fundraising of $317 million through an IPO. NASDAQ will act as a strategic investor, subscribing to $50 million shares privately. Insiders say this move is part of a collaboration, where NASDAQ ...
According to sources, the cryptocurrency exchange platform Gemini Space Station is set to go public in New York this week, with an expected highest fundraising of $317 million through an IPO. NASDAQ will act as a strategic investor, subscribing to $50 million shares privately. Insiders say this move is part of a collaboration, where NASDAQ clients can use Gemini's custody and collateral services in the future, while Gemini institutional clients can access NASDAQ's Calypso platform to manage and track collateral. Gemini is expected to trade on NASDAQ with the code 'GEMI' on Friday, but plans may still be adjusted due to market conditions. (Reuters)
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Link: NASDAQ Plans to Subscribe to $50 Million Shares of Gemini Privately to Support its IPO [Copy]
