(Reuters) -Winklevoss twins-backed Gemini raised the proposed price range for its U.S. initial public offering on Tuesday and is now targeting a valuation of up to $3.08 billion in its listing, reflecting investor interest in crypto ventures.
The cryptocurrency exchange aims to raise $433.3 million by selling 16.67 million shares priced between $24 and $26 each. This compares with its prior proposed range of $17 to $19 per share.
Gemini expects to list on the Nasdaq under the “GEMI” ticker symbol. Goldman Sachs and Citigroup are the lead bookrunners on the deal.
(Reporting by Ateev Bhandari in Bengaluru; Editing by Alan Barona)
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