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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’s IPO highlights crypto’s mainstream shift, with USDC driving revenue and new fintech services expanding its reach.
In April, Bloomberg reported that Ripple had made an acquisition offer for Circle valued between $4 billion and $5 billion, ...
Fintech firm Circle Internet Group, which issues the USDC stablecoin, on Wednesday priced its upsized initial public offering ...
While Wall Street insiders enjoyed a first day "pop," it appears Circle could have pocketed much more from its debut.
USDC issuer Circle has upped its IPO again to $1.05 billion ahead of its New York Stock Exchange debut later today.
USDC issuer Circle has started trading on NSYE under the CRCL ticker at more than triple of its $31 IPO price.
But to live up to the market’s soaring expectations, the issuer of USDC might actually be better off in the longer run if ...
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