Bullish (BLSH)
Company News
Gemini Upsizes IPO To Raise $425 Million, Winklevoss Twins-Founded Crypto Exchange Targets $3 Billion Valuation
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, successfully raised $425 million through an IPO, pricing shares at $28 each and valuing the company at $3.32 billion. The company plans to list on Nasdaq under the ticker 'GEMI' with Goldman Sachs and Citigroup as lead underwriters.
Why Bullish Stock Plummeted Last Week
Bullish, a cryptocurrency exchange company, saw its stock drop 11.3% following its IPO, with Compass Point initiating coverage and setting a neutral rating with a $45 price target, indicating potential downside.