Circle Completes IPO on NYSE, Raising $1.1 Billion

Circle’s shares surged 234% shortly after debut, signaling strong market interest and potential for further crypto IPOs as institutional focus increases.

189d ago

Summary

Circle’s shares (CRCL) skyrocketed to $103.75 shortly after debuting on the NYSE, marking a 234% increase from its IPO price of $31. The company raised over $1 billion by selling 34 million shares, with trading volatility leading to multiple halts. The market cap briefly surpassed $70 billion, highlighting strong demand for crypto-related investments.

Terms & Concepts

IPO: Initial Public Offering, the process through which a private company offers shares to the public for the first time.
USDC: USD Coin, a stablecoin pegged to the U.S. dollar, widely used in the cryptocurrency market.
NYSE: New York Stock Exchange, one of the largest stock exchanges in the world, where shares of publicly traded companies are bought and sold.