Circle Internet Group Stock Remains in High Demand
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Circle stock (CRCL) has surged over 250% within a week of its IPO, with its valuation skyrocketing from $8 billion to over $25 billion.
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, 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 most recent filing with the Securities and Exchange Commission (SEC) showed plans to sell 32 million shares at a range between $27 and $28 apiece. At the high end of that range, the IPO would value the company at roughly $7.2 billion on a fully diluted basis.
After Circle’s standout IPO performance last week, all eyes are turning to Chime Financial. The well-known neobank is scheduled to begin trading on Thursday and could benefit from a rush of IPO excitement.
Circle’s $1 billion IPO marks one of the biggest fintech debuts in years, attracting major backers like SBI and Sigil.
Circle, the issuer of the USDC stablecoin, is aiming for a fully diluted valuation of up to $7.2 billion in its upcoming initial public offering, according to a Monday filing with the Securities and Exchange Commission (SEC).
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Circle moves to cash in on strong IPO demand, upgrades funding goal to $896MCircle and its shareholders have increased the size and price of the company’s initial public offering, reflecting the apparent interest that investors have
Circle Internet Group Inc. and its shareholders have increased the size and price of the company’s initial public offering, suggesting strong investor demand for the stock.
Three issuers have rushed to file for exchange-traded funds (ETFs) tied to the Circle Internet Group (NYSE: CRCL) barely within a week of the crypto firm making its spectacular debut on the New York Stock Exchange (NYSE).
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