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Augmentum Fintech PLC - London-based investor focused on European private fintech companies - Notes initial public offering of New York-based cryptocurrency exchange and custodian bank Gemini Space Station Inc. Augmentum holds an equity interest representing 3.4% of Gemini’s net asset value. Gemini began trading on September 12 on the Nasdaq Global Select Market under the ticker GEMI, priced at $28 per share (valuing the business at around $3.33 billion on a fully-diluted basis). The IPO was upsized following strong investor demand, which included significant participation from retail investors. Nasdaq has agreed to invest $50 million in Gemini via a private placement and establish a strategic partnership across custody, staking and collateral management services. Augmentum’s holding will be subject to a customary six-month post-IPO lock-up period. Company says: ‘This broad base of support highlights the growing mainstream appetite for exposure to digital asset platforms, underpinned by the increasing demand for democratisation of access to IPOs for retail investors and reflects the unique retail engagement that has characterised Gemini’s community since inception.’ Augmentum Chief Executive Officer Tim Levene adds: ‘Gemini’s successful IPO marks an important milestone for the company and for the fintech ecosystem. We are pleased to see strong investor demand for the offering, which validates the progress Gemini has made in building a regulated and trusted platform for crypto trading and custody. The IPO provides further evidence of the increasing maturity of the digital assets sector.’ Current share price: 87.00 pence, closed up 1.9% on Monday 12-month change: down 16% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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