Crypto Exchange Gemini Raises US IPO Target to $433 Million (1)

Gemini Space Station Inc. increased the potential size of its initial public offering to $433.3 million, after the oversubscribed listing drew a private placement from another exchange operator.

The cryptocurrency firm led by the billionaire Winklevoss twins raised the price range to $24 to $26 per share from $17 to $19, according to a filing with the US Securities and Exchange Commission on Tuesday. The company is still offering 16.7 million shares in the IPO.

At the top of the elevated IPO range, Gemini would have a market value of $3.1 billion based on the outstanding shares listed in its ...