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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.
The significant surge in Circle’s first-day trading could prompt institutional investors to set higher IPO prices for ...
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 white-hot debut on Thursday gives the US IPO market a crypto-fuelled shot of adrenalin that ...
Circle (CRCL) debuted to wild upside action on the New York Stock Exchange on Thursday, its shares more than tripling from ...
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 ...
Gemini, a crypto exchange run by billionaire twins Tyler and Cameron Winklevoss, on Friday disclosed it had confidentially ...
Stablecoin firm Circle Internet Group is set to go public later Thursday after pricing its initial public offering above the ...
Shares of stablecoin issuer Circle Internet Group Inc. stayed hot in its second session of trading on Friday and helped ...
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