US IPO Subscription: Gemini (GEMI) Application Analysis!
Gemini was founded in 2014 by the Winklevoss brothers. It is one of the larger cryptocurrency trading platforms in the United States, covering over-the-counter trading (OTC), credit card services for the US, supporting the trading of more than 70 cryptocurrencies including Bitcoin, Ethereum, and various stablecoins, serving both retail and institutional clients. Gemini also offers crypto staking services, launches credit cards with cryptocurrency rewards, and provides crypto custody and OTC trading services for institutions.
As of June 30, 2025, Gemini serves approximately 523,000 MTUs and about 10,000 institutions in over 60 countries, with platform assets exceeding $18 billion, cumulative trading volume over $285 billion, and transfer amounts processed by the platform exceeding $800 billion.
In 2023 and 2024, its revenue was $98.14 million and $142 million respectively, but operating losses were as high as $312 million and $166 million, with net losses of $320 million and $159 million respectively. Revenue for the first half of 2025 was $68.61 million, down 7.6% from the same period last year; operating loss was $113 million, and net loss reached $282 million.This loss status is quite a significant drawback.
Gemini issuance range: $17-19, issuing 16.67 million shares, led by Goldman Sachs and Citigroup, with subscription deadline on September 12 at 01:00, and announcement of successful subscription and listing on the evening of September 12.
Currently, Futu can subscribe to Gemini, enter the new stock subscription page of Futu, find Gemini, enter the subscription quantity and other information to complete the subscription operation. Futu won big this time, able to subscribe to 3.
In the crypto industry, Gemini may replicate the listing performance of Circle and Bullish, gaining market favor with the scarcity of cryptocurrency exchanges and the fame of the Winklevoss brothers; however, its poor financial condition and consecutive years of losses cannot be ignored, so I will participate, but my expectations are not that high, I'll stop after earning 20%!
After hitting Figure, you can continue to hit LGN or Gemini, LGN and Gemini have conflicts, see what you choose.No need to deposit into the moomoo US account, directly subscribe in HKD, but after selling the successful subscription, you need to manually transfer funds from the account to the moomoo HK account, selling on the first day of listing will not generate interest, otherwise it will be charged.
$Gemini Space Station(GEMI.US) $FIGR(FIGR.US)
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