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GEMI
New York Post
15 hrs

Winklevoss twins' Gemini stock jumps over 30% in NYSE debut after pricing IPO above range

1. Gemini's IPO priced at $28, shares surged 32% to $37.01. 2. The firm reported significant net losses of $283 million this year. 3. NASDA's $50 million investment indicates strong institutional confidence. 4. Gemini's market share is minor compared to Coinbase's trading volume. 5. 30% of shares reserved for retail investors via various platforms.

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FAQ

Why Bullish?

The successful IPO with significant initial demand indicates strong investor interest, despite losses.

How important is it?

GEMI's performance in the IPO context reflects broader investor sentiment in the crypto space.

Why Short Term?

The initial price surge may be short-lived; ongoing losses could dampen enthusiasm.

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