Circle Debuts on NYSE at $31 Per Share, Valuing Stablecoin Issuer at $6.2 Billion
Circle’s IPO exceeds expectations with a surge in demand, pushing shares above the marketed range.
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Circle
Circle’s IPO exceeds expectations with a surge in demand, pushing shares above the marketed range.
Circle raises its IPO share count and price range as strong investor demand fuels interest.
The company’s shares will trade under the ticker “CRCL.”
The offer was rejected as too low, according to the story.
Patrick McHenry, the ex-lawmaker who championed last year’s crypto legislation, also said he expects a role to be found for Tether in the U.S. stablecoin field.
Mastercard’s new global system aims to make stablecoin transactions as seamless as traditional payments.
If approved, the stock of the company will be trading on the New York Stock Exchange under the symbol “CRCL.”
A WSJ article delved into the contrasting styles between Tether’s Giancarlo Devasini and Circle’s Jeremey Allaire.
Asset manager Bitwise sees the stablecoin market growing to $400 billion next year, with U.S. legislation, fintech adoption and global payments driving the growth.
Pressure mounts on crypto exchanges operating in the country to comply with tighter rules to list stablecoins by the end of this year.