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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 Prices IPO at $31 Per Share, Valuing Stablecoin Issuer at $6.9 Billion
Circle priced its initial public offering (IPO) on Wednesday at $31 per share, above the expected range of $24 to $26. The company sold around 34 million shares in the offering for a valuation of $1.1 billion. Bloomberg pegs the total amount raised in the IPO at $6.9 billion.
Circle stock continued to surge on Monday for a third day in a row following the stablecoin issuer's blockbuster IPO last ...
USDC stablecoin issuer Circle has seen its CRCL share price shoot to a new high of $138.57 on only its third day of trading.
Last Wednesday, the USDC stablecoin issuer priced its upsized initial public offering (IPO) at $31 per share, above its ...
CNBC’s Jim Cramer on Monday examined Circle Internet, a stablecoin issuer that made a splash during its market debut last ...
The oversubscribed raise follows stablecoin issuer Circle’s massive IPO last week, underscoring investor appetite for ...
Several factors could influence Circle’s revenues and margins in the coming years. Circle’s business model is expected to evolve as it capitalizes on network effects and scales. Lower interest rates ...
The cryptocurrency company's stock opened for trading on the NYSE at $69 apiece, valuing the stablecoin issuer at nearly $18 ...
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