Winklevoss-Backed Gemini Expands Retail IPO Allocation And Raises Price Target As Analysts Question Weak Revenue

Gemini Space Station, the cryptocurrency exchange backed by Cameron and Tyler Winklevoss, is giving retail investors an uncommon opportunity to buy into its initial public offering before trading begins Friday, according to Bloomberg. The company will allocate up to 30% of shares to small investors through platforms such as Robinhood, Webull, and Futu’s Moomoo, according to a Tuesday filing. The move expands on earlier plans to set aside 10% and coincides with Nasdaq’s $50 million private placement. Analysts caution that Gemini’s flat revenue and smaller market share raise risks despite strong crypto enthusiasm. The company also raised its marketing range to $24–$26 per share, up from $17–$19.