Circle IPO leaves $1.76 billion on the table
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B y the close of Circle Internet Group’s first trading day on Thursday, June 5, its stock had rocketed to $88, a 180% jump from the price institutional investors paid for their
Circle ( CRCL, Financials ), the issuer of USDC, saw its shares jump 245% in its debut weekan explosive public market entrance that could set off a wave of crypto IPOs, according to a new report from Bybit.
Circle’s stock price soared alongside its IPO, capturing Wall Street’s growing embrace of digital dollars for years to come, analysts say.
While Wall Street insiders enjoyed a first day "pop," it appears Circle could have pocketed much more from its debut.