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Circle Soars In First-Ever Stablecoin IPO, Making CEO A Billionaire
Circle, the company behind the $61 billion stablecoin USDC, made a roaring debut on the New York Stock Exchange Thursday, becoming the first stablecoin issuer to go public and making CEO and cofounder Jeremy Allaire a billionaire.
Circle (CRCL) Soars 168% in NYSE Debut as Stablecoin Issuer Enters Public Market
Circle (CRCL, Financials) soared 168% on its first day of trading Thursday after the stablecoin issuer priced its long-anticipated initial public offering at $31 per share. The stock opened near $69 and closed at $83.
Circle Internet Group Inc. (NYSE: CRCL), the crypto company behind the USDC stablecoin, continued its meteoric rise on June 6 ...
The stablecoin issuer’s IPO arrives as investors brace for more market headwinds and regulatory change while stablecoin ...
In April, Bloomberg reported that Ripple had made an acquisition offer for Circle valued between $4 billion and $5 billion, ...
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