REG-Augmentum Fintech plc: Initial Public Offering of Gemini

Augmentum FintechAnnouncement

Yesterday 07:00

15 September 2025

Augmentum Fintech plc

 

Initial Public Offering of Gemini

Augmentum Fintech plc (LSE: AUGM) (“Augmentum” or the "Company"), Europe's
leading publicly listed fintech fund, notes the Initial Public Offering
(“IPO”) of Gemini Space Station, Inc, (“Gemini”), the New York-based
cryptocurrency exchange and custodian bank founded by Cameron and Tyler
Winklevoss, in which Augmentum has an equity interest.

Gemini commenced trading on the Nasdaq Global Select Market under the ticker
GEMI on 12 September 2025. The offering comprised approximately 15.2 million
Class A shares, priced at US$28 per share, valuing the business at around
US$3.33 billion on a fully diluted basis. The IPO was upsized following strong
investor demand and was notable for the significant participation of retail
investors alongside institutional buyers. This broad base of support
highlights the growing mainstream appetite for exposure to digital asset
platforms, underpinned by the increasing demand for democratisation of access
to IPOs for retail investors and reflects the unique retail engagement that
has characterised Gemini’s community since inception. In connection with the
listing, Nasdaq has agreed to invest US$50 million via a private placement,
establishing a strategic partnership with Gemini across custody, staking and
collateral management services.

Augmentum first invested in Gemini in November 2021 through ParaFi Capital.
The Company holds a liquidation preference in Gemini and, accordingly, is
entitled to receive shares with a value at IPO equal to its original
investment and current carrying value. The holding will be subject to a
customary six-month post-IPO lock-up period. As at 31 March 2025,
Augmentum’s investment in Gemini represented 3.4% of the Company’s NAV¹.

Tim Levene, CEO of Augmentum Fintech, commented: “Gemini’s successful IPO
marks an important milestone for the company and for the fintech ecosystem. We
are pleased to see strong investor demand for the offering, which validates
the progress Gemini has made in building a regulated and trusted platform for
crypto trading and custody. The IPO provides further evidence of the
increasing maturity of the digital assets sector.”

Notes
1. Percentage of NAV after performance fee.

Enquiries

 Augmentum Fintech Tim Levene (Portfolio Manager) Nigel Szembel (Investor Relations)  +44 (0)20 3961 5420 nigel@augmentum.vc  
 Woodrow Communications Juste Rekstyte (Press and Media)                              +44 (0)20 8636 8753 press@augmentum.vc  
 Peel Hunt LLP Liz Yong, Huw Jeremy (Investment Banking)                              +44 (0)20 7418 8900                     
 Singer Capital Markets James Moat, James Fischer (Investment Banking)                +44 (0)20 7496 3000                     
 Frostrow Capital LLP Paul Griggs (Company Secretary)                                 +44 (0)20 3709 8733                     

About Augmentum Fintech

Augmentum invests in fast growing fintech businesses that are disrupting the
financial services sector. Augmentum is the UK's only publicly listed
investment company focusing on the fintech sector in the UK and wider Europe,
having launched on the main market of the London Stock Exchange in 2018,
giving businesses access to patient capital and support, unrestricted by
conventional fund timelines and giving public markets investors access to a
largely privately held investment sector during its main period of growth.

 



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