US IPO Shares Doubling on Their First Day at Fastest Pace Since 2021
Circle Internet Financial signage during the company's IPO on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergStocks of newly-public companies are surging in their first sessions at the fastest pace in three and a half years, enthralling traders and heating up the market for US first-time share sales.
Drone maker Airo Group Holdings Inc. ended Friday with a gain of 140%, a day after raising $60 million in its initial public offering, and coming barely a week after stablecoin issuer Circle Internet Group Inc. surged 168.5% immediately following its $1.2 billion IPO.