- Gemini's stock surged more than 50% on its Nasdaq debut.
- Its market capitalization surpassed $1.3 billion that day.
- The closing price was 24% higher than the IPO price, and it was described as a successful example of cryptocurrency listings this year.
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Cryptocurrency exchange Gemini (ticker: GEMI) showed strength in its Nasdaq debut.
According to CryptoSlate on the 12th (local time), the stock, which was listed on Nasdaq at $28 that day, surged more than 50% in early trading. The stock, which briefly jumped to $40 during the session, settled around $33 in the afternoon, bringing Gemini's market capitalization to about $1.3 billion.
The final closing price was about 24% higher than the IPO price. The outlet described "Gemini's listing as a successful example of cryptocurrency-related listings this year following Circle."
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