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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.
Stablecoin heavyweight Circle soars in debut on the New York Stock Exchange
The stock price soared and opened at $69.50, a gain of 124 percent. In afternoon trading, shares traded at $92.68. Circle’s initial public offering is one of the biggest public listings for a crypto-related company in years.
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Circle, the issuer of one of the biggest stablecoins, priced its IPO at $31per share, above its expected range and giving it ...
Circle’s IPO highlights crypto’s mainstream shift, with USDC driving revenue and new fintech services expanding its reach.
In April, Bloomberg reported that Ripple had made an acquisition offer for Circle valued between $4 billion and $5 billion, ...
The timing is razor-sharp. With crypto volatility through the roof, stablecoins are the ultimate safe harbor. Sure, Tether ...
Circle goes public as stablecoin adoption and regulation hit a key turning point. Can $CRCL prove resilient if interest ...
Circle Internet Financial is pushing forward with its public listing plans, now targeting a valuation of $7.2 billion as it ...
BlackRock (NYSE:BLK), the world’s largest asset manager, is planning to acquire approximately 10% of Circle Internet Group’s ...
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