Circle IPO Soars, Raising $1.1 Billion at $31 Per Share

Circle’s initial public offering (IPO) has been met with overwhelming demand, raising a massive $1.1 billion at $31 per share. The stablecoin firm’s valuation reached a record-breaking $6.9 billion, and the strong investor response indicates faith in their innovative financial model. Major institutions like BlackRock and ARK Investment Management have backed the IPO, further bolstering confidence in Circle’s trajectory.