Circle (CRCL) shares surged during their first day trading on the NYSE. The company’s stock opened around $69 – more than double the upsized IPO price of $31 per share. Shares peaked at $103.75 before settling at $82 when the market closed, up 167% from the IPO price and about 20% from the opening price. Kraken and Gemini IPOs can’t come soon enough. Read more →
Ryan Rasmussen @RasterlyRock
Why are people shocked by the CRCL price action?
Circle is going after the same market as Tether, which generates more profit than Goldman Sachs (and Goldman’s worth $187 billion).
Circle is currently valued at $17 billion…
6:50 PM • Jun 5, 2025
135 Likes 19 Retweets
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