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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.
Anthony Pompliano, Professional Capital Management founder and CEO, joins 'Squawk Box' to discuss the blockbuster debut of ...
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.
CNBC’s Jim Cramer on Monday examined Circle Internet, a stablecoin issuer that made a splash during its market debut last ...
Circle’s IPO highlights crypto’s mainstream shift, with USDC driving revenue and new fintech services expanding its reach.
Wider stablecoin adoption, plus smaller partner payments, could offset pressure from lower returns on cash.
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