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

Gemini Space Station Inc. shares ended 14% above their IPO price, after the cryptocurrency exchange led by the billionaire Winklevoss twins raised $425 million in a packed week for US listings.

Shares of the New York-based exchange and custodian closed at $32 each on Friday, above the $28 per share IPO price, after a volatile session that saw the stock halted twice. The company had previously told investors it expected to cap the base size of its IPO at $425 million and to potentially sell fewer shares than it first proposed, Bloomberg News reported earlier.

The trading gives Gemini a ...