{"id":4536,"date":"2025-09-18T10:42:20","date_gmt":"2025-09-18T10:42:20","guid":{"rendered":"https:\/\/dailystreetchronicle.com\/index.php\/2025\/09\/18\/gemini-ipo-hype-fades-with-12-drop-stock-under-pressure\/"},"modified":"2025-09-18T10:42:20","modified_gmt":"2025-09-18T10:42:20","slug":"gemini-ipo-hype-fades-with-12-drop-stock-under-pressure","status":"publish","type":"post","link":"https:\/\/dailystreetchronicle.com\/index.php\/2025\/09\/18\/gemini-ipo-hype-fades-with-12-drop-stock-under-pressure\/","title":{"rendered":"Gemini IPO Hype Fades With 12% Drop; Stock Under Pressure?"},"content":{"rendered":"

The post Gemini IPO Hype Fades With 12% Drop; Stock Under Pressure?<\/a> appeared first on Coinpedia Fintech News<\/a><\/p>\n

2025 has been a milestone year for crypto companies entering public markets. From Coinbase to Circle and Bullish, major digital asset firms have launched IPOs that drew major attention and big first day gains. <\/p>\n

However, not all IPOs have been able to maintain their early momentum. Here\u2019s what\u2019s happening with Gemini. <\/p>\n

Gemini IPO Hype Sees Quick Pullback<\/h2>\n

Gemini Space Station has slipped below its IPO price just days after its public debut. Its shares dropped over 12% on Wednesday, extending its downtrend, and closed at $24.53. However, it recovered slightly in the after-hours. <\/p>\n

The Winklevoss-led exchange raised $425 million in its IPO at $28 per share, giving it a $3.3 billion valuation. Its stock initially surged 14% on the first day, reaching a high of $45.89 and closing at $32. However, momentum has since faded, and its market capitalization has now fallen below $3 billion.<\/p>\n

Gemini, founded in 2014 by Cameron and Tyler Winklevoss, now oversees over $21 billion in crypto assets. The New York-based platform offers an exchange, a USD-backed stablecoin, staking, custody services, and also a crypto rewards credit card. Notably, Nasdaq also agreed to invest $50 million in Gemini through a private placement timed with the IPO.<\/p>\n

Gemini\u2019s Losses Pile Up as SEC Settlement Nears <\/h3>\n

Behind the scenes, Gemini appears to be struggling. <\/p>\n

The company reported a $283 million net loss in the first half of 2025, up from $159 million for all of 2024.<\/p>\n

It is also moving to settle a long-running dispute with the SEC<\/a> over its Gemini Earn lending program. Lawyers told a Manhattan court that the settlement in principle would fully resolve the lawsuit, pending SEC approval, and asked the judge to extend the deadline for final paperwork to December 15.<\/p>\n

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Still, despite the clear interest, day-one pops are cooling. Here is the first-day performance of recent crypto IPOs:<\/p>\n

Circle: +168%
Bullish: +90%
Figure: +24%
Gemini: +14% pic.twitter.com\/fdWNHMVfvU<\/a><\/p>\n

— GSR (@GSR_io) September 15, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

How Are Other Crypto Stocks Performing<\/h3>\n

Coinbase, the first crypto exchange<\/a> to go public, set a $250 reference price but opened at $381, peaked at $429, and closed day one at $328. Today, it trades around $320.\u00a0<\/p>\n

Stablecoin issuer Circle also saw its shares more than double on their NYSE debut. It is currently trading around $131. <\/p>\n

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