Circle stock hits $115 on 2nd day of NYSE debut
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Shares of Circle surged after its debut as a public company, but the crypto player may face headwinds if the Federal Reserve cuts interest rates further this year.
In this photo illustration, the Circle Internet Group logo is seen displayed on ... More a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images
USDC stablecoin issuer Circle has seen its CRCL share price shoot to a new high of $138.57 on only its third day of trading.
Emily Mason gives audience to some of the skepticism toward Circle’s blockbuster IPO performance. Circle Internet Group Inc.’s shares have exploded since the firm’s public listing last week, with the price more than tripling from its IPO level and the company reaching an almost $24 billion valuation.
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Circle stock continued to surge on Monday for a third day in a row following the stablecoin issuer's blockbuster IPO last week.
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Wall Street’s ETF machine kicked into high gear just hours after Circle Internet Group Inc. went public, riding the frenzied initial public offering of the stablecoin giant as crypto technologies enter mainstream finance.