Gemini may be primed to pop when it starts trading.

The crypto exchange founded by twin brothers Cameron and Tyler Winklevoss, set its IPO price, $28 per share, overnight, arriving above an already-boosted expected range of $24 to $26. The company—officially known as Gemini Space Station—sold 15.1 million Class A shares, fewer than previously expected, but at a higher price. The deal raised $425 million, according to the company.

Shares are expected to start trading on the Nasdaq later today using the symbol "GEMI."

The IPO has many of the trappings of a likely first-day riser. It secured a $50 million private placement investment from Nasdaq, in recent days raised its IPO range, and saw strong demand for the shares: Reuters reported Thursday that demand for the shares was more than 20 times higher than shares available.

The IPO price suggests a market value for Gemini of about $3.3 billion.

Its public debut follows those of other big crypto names like stablecoin operator Circle (CRCL) and institution-focused digital assets platform Bullish (BLSH).

Gemini operates one of the better known crypto exchanges in the U.S., has a credit card that offers crypto rewards and a stablecoin. Though Gemini's trading volumes are a fraction of the U.S.'s largest crypto exchange Coinbase (COIN), the company said it sees untapped potential in tokenization and card payments for its future growth.

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