Crypto Companies Figure and Gemini Lead $1.2 Billion Bitcoin IPO Bonanza
September 15, 2025 · 7:20 AM
Two cryptocurrency-focused companies, Figure Technology and Gemini Space Station, had successful market debuts last week, signaling a revival in the U.S. IPO market after a period of inactivity. Figure Technology's shares surged 44% on its first trading day, closing at $31.11 and achieving a market value of $7.6 billion after raising $787.5 million. Meanwhile, Gemini Space Station's shares rose 32% on debut, valuing the company at $4.
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