Gemini Space Station Inc. has announced that it will allocate up to 30% of its initial public offering (IPO) shares to retail investors via platforms like Robinhood, Moomoo, and Webull. These investors will be subject to a one-month lock-up period. The company has also increased its IPO price range from $17-19 to $24-26 and secured Nasdaq as a $50 million private placement investor.
This strategic move aims to attract cryptocurrency users, setting Gemini apart from competitors like Bullish, which allocated only 20% of its shares to individual investors. Despite facing current losses and a limited market share, Gemini's decision reflects its commitment to engaging retail investors in its growth journey.
Gemini Allocates 30% of IPO Shares to Retail Investors
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