Quick Take

• Gemini’s shares traded above $40 per share, pushing the Winklevoss-led blockchain firm’s valuation to approximately $4.75 billion.
• Fellow crypto company Figure also staged a successful IPO debut this week.

Earlier in the day, Gemini said it had raised $425 million by selling over 15 million Class A shares for $28 each after listing on the Nasdaq exchange, according to a press release.

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