From Yahoo Finance: 2025-06-07 14:03:00

Circle Internet Group, a digital payments company known for issuing the Stablecoin, made a splash on Wall Street as its stock soared 168% on its debut, raising $1.1 billion in its IPO. The stock continued to climb the next day, closing up almost 30% at over $107 per share. The success of the IPO indicates a shift in sentiment toward stablecoins and a growing acceptance on Wall Street.

The IPO of Circle Internet Group, a pure-play crypto stock, signifies a milestone for the industry as it demonstrates that crypto firms can operate compliantly in US markets. CEO Jeremy Allaire emphasizes the company’s commitment to transparency and compliance, positioning it well for future growth and potential dominance in the space. The success of the IPO may pave the way for more tech IPOs and investor confidence in the sector.



Read more at Yahoo Finance: Tech IPO smash reveals something shocking