Nasdaq plans to subscribe to $50 million of Gemini shares in a private placement to support its IPO
6hours ago
Odaily Planet Daily reports that two sources familiar with the matter revealed that crypto trading platform Gemini Space Station will go public in New York this week, with an expected IPO raising up to $317 million. Nasdaq will serve as a strategic investor, subscribing to $50 million in a private placement. Sources said this move is part of a collaboration between the two parties. Nasdaq clients will have access to Gemini's custody and staking services, while Gemini institutional clients will also have access to Nasdaq's Calypso platform to manage and track collateral. Gemini is expected to begin trading on Nasdaq on Friday under the ticker symbol "GEMI," but plans are subject to adjustment based on market conditions. (Reuters)
Download Odaily App
Let Some People Understand Web3.0 First
