The significant surge in Circle’s first-day trading could prompt institutional investors to set higher IPO prices for upcoming listings. Imminent IPOs include Omada Health, which is pricing on Thursday, and Klarna, a fintech that’s set to list next week.

Due to high demand, the stablecoin issuer increased its IPO from a planned 24 million shares. Circle is now worth anywhere from $6.8 billion to $8 billion on a fully diluted value. The company that powers the USDC stablecoin will start trading today on the New York Stock Exchange under the ticker symbol CRCL.

Digital investment firm Arca has sold its entire stake in Circle after publicly criticizing the stablecoin issuer’s initial public offering (IPO) process.

Gemini, a crypto exchange run by billionaire twins Tyler and Cameron Winklevoss, on Friday disclosed it had confidentially filed for a U.S. initial public offering, as digital asset firms seize on renewed market momentum.

Gemini, the crypto company controlled by the Winklevoss twins, filed its IPO plans with securities regulators after shares of Circle more than doubled during its first day of trading

Just look at the robust demand for the initial public offering of Circle Internet Group, the leader in the world of stablecoins.Circle, which plans to list 34 million shares on the New York Stock Exchange Thursday under the ticker symbol CRCL,

Crypto enthusiasts will be watching the stock market Thursday as the U.S.-based issuer of one of most popular cryptocurrencies makes its debut on the New York Stock Exchange.