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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.
Shares of Circle surged after its debut as a public company, but the crypto player may face headwinds if the Federal Reserve ...
Just look at the robust demand for the initial public offering of Circle Internet Group, the leader in the world of ...
While Wall Street insiders enjoyed a first day "pop," it appears Circle could have pocketed much more from its debut.
Stablecoin issuer Circle Internet Group Inc.’s stock stayed hot on Friday, in its second session of trading, and helped ...
This week’s blockbuster IPO of Circle, a leading issuer of stablecoins, shows how crypto is increasingly going mainstream.
Due to high demand, the stablecoin issuer increased its IPO from a planned 24 million shares. Circle is now worth anywhere ...
Circle Internet Group Inc.’s initial public offering is likely to price above the marketed range, after fielding orders for ...
The successful debuts of Circle and CoreWeave could lead to more unicorns going public. Keep an eye on fintech Chime and ...
Circle’s reserve income — derived mostly from interest on the Treasuries backing USDC — rose 55.1% to $557.9 million in Q1. But that income stream is expected to drop as interest rates fall. If the ...
Circle Internet Group Inc.’s white-hot debut on Thursday gives the US IPO market a crypto-fuelled shot of adrenalin that ...
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