Circle’s IPO Soars on Wall Street: CRCL Price Hits New High

Circle has officially debuted on the NASDAQ through its IPO, with trading for CRCL shares now live. This marks the first time a stablecoin issuer has launched an IPO, and Circle raised over $1.05 billion with its successful share offering at $66 per share. The company’s valuation is estimated at approximately $6.1 billion, potentially reaching $20 billion in market capitalization within hours of trading commencements. CRCL’s immediate price surge to the $100 mark and recent trading levels at $87.76 have garnered keen attention from investors and industry professionals.