Gemini, the cryptocurrency exchange managed by Tyler and Cameron Winklevoss, has announced a new price range for its upcoming IPO in an updated S-1 filing. The revised range is set between $24 and $26 per share, up from a previous estimate of $17 to $19. If shares sell at the higher end of this new range, Gemini could raise over $430 million, which would elevate the company’s valuation to approximately $3.1 billion.

Key Details:

• Gemini plans to sell 16.67 million shares in total.
• The IPO is backed by leading underwriters including Goldman Sachs, Citigroup, Morgan Stanley, and Cantor.
• Following a favorable regulatory regime, Gemini aims to increase its public presence, joining fellow exchanges such as Bullish and Circle in the public market.

Read more: Gemini Aims for $2.22B Valuation in U.S. IPO
Image: Gemini co-founders Cameron and Tyler Winklevoss at White House. (Jesse Hamilton/CoinDesk)