Circle Stock Soars Nearly 300% in First Two Days After IPO, Raising Over $1 Billion 📈
Circle, a prominent issuer of the USDC stablecoin, experienced a remarkable initial public offering (IPO) performance on the New York Stock Exchange. The company's stock price surged to an impressive $83.23, marking a 168% increase over its initial offering price. In just two days of trading, Circle's stock continued to soar, achieving a staggering 300% increase.
This remarkable performance enabled the company to raise over $1 billion, further solidifying its position in the financial markets. Circle's success is indicative of growing interest and confidence in the cryptocurrency sector, particularly in stablecoins pegged to the U.S. dollar, like USDC.
Source: thenewscrypto.com ↗
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