From Yahoo Finance: 2025-06-05 12:07:00

Stablecoin issuer Circle Internet’s shares doubled in their NYSE debut, valuing the company at nearly $18 billion. The stock opened at $69 per share, rising to $83.23, up 168% from the IPO price. The successful flotation is expected to encourage more crypto companies to go public, with interest in digital assets on the rise. Circle raised $1.05 billion in an upsized IPO, selling 34 million shares. The outlook for the digital asset industry has improved with a lighter regulatory touch from the Trump administration. Circle’s IPO marks a milestone for the stablecoin market, with stablecoins gaining mainstream adoption. CEO Jeremy Allaire is driving innovation to integrate stablecoins into the mainstream financial system.



Read more at Yahoo Finance: Stablecoin giant Circle’s shares surge in blowout NYSE debut