Circle Internet’s upcoming IPO is causing confusion in the market, as investors mistook Corcel PLC for Circle and bid on the wrong stock. The impact was evident when Corcel PLC (ticker: CRCL.L) experienced a staggering 16,689% surge over just five days, with trading volume exploding amidst this misunderstanding. This massive jump occurred due to traders’ confusion between the two entities – both share similar ticker symbols and are involved in cryptocurrency. Circle Internet is set to list on the NYSE under the symbol CRCL, and investors were mistakenly trading in Corcel, despite the actual listing planned for June 5th. The episode highlights the risk of trading mistakes when market conditions are volatile. Circle’s IPO is now expected to price on Wednesday, June 4th, with trading starting on June 5th. The company has revised its IPO size from 24 million shares to 32 million Class A shares and increased the price range from $24-$26 to a new range of $27-$28.