Stablecoin Firm Circle Surge From IPO Hits 247% on Day Two
Circle Internet Financial signage during the company's initial public offering on the floor of the New York Stock Exchange, on June 5.
Photographer: Michael Nagle/BloombergCircle Internet Group’s shares continued to soar on Friday, sending the stock 247% above the IPO price in the stablecoin issuer’s second day as a public company.
The company’s shares pared early gains to close at $107.70 each in New York, more than three times higher than its $31 first-time share sale price. Its fully diluted market value has now risen to about $28.6 billion, according to Bloomberg calculations.