Winklevoss’ Gemini Space Station Slumps Below IPO Price (1)

Gemini Space Station Inc. shares extended declines Wednesday to fall below its initial offering price within days of debuting as a public company in the US, tracking some cryptocurrency-related stocks lower.

Shares of the New York-based exchange and custodian fell 12.8% to $24.53, slipping below its IPO price of $28. Gemini began trading on Sept. 12 and rallied in its debut. Currently, its market value is $2.9 billion.

Read More: Winklevoss’ Gemini Up 14% as IPO Leads Crowded Slate of Debuts

The company’s biggest publicly traded US rival, Coinbase Global Inc., also ended the session lower by ...