Circle IPO Soars, Sets Crypto Market on Fire as Shares Surge Over 100%

Circle’s highly anticipated initial public offering (IPO) on the New York Stock Exchange (NYSE) has made waves in the cryptocurrency market. Shares opened at an impressive $69, a staggering 123% higher than its initial price of $31. A surge saw the stock briefly halt trading before closing at $87. The company raised over $1 billion through the IPO, reflecting Wall Street’s continued confidence in the cryptocurrency industry. This marks Circle’s landmark debut as the first major IPO in the crypto space since Coinbase’s IPO in 2021.