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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 euphoric action harkens back to the 2021 Coinbase IPO, which didn't end well for those who piled in near the high.
Axios on MSN1h
Circle IPO shows investors want in on stablecoinsCircle shares surged Thursday following an IPO valuing the company at almost $7 billion, showing that investors have an ...
US stock futures (ES=F, NQ=F, YM=F) tick up Thursday morning ahead of the May jobs report due out on Friday, while investors ...
Circle (CRCL) debuted to wild upside action on the New York Stock Exchange on Thursday, its shares more than tripling from ...
Tech investor Chamath Palihapitiya suggested Wednesday that Ripple Labs or Coinbase Global Inc. (NASDAQ:COIN) acquiring ...
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