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Circle stock price jumps 167% on first day of trading after IPO

cryptoweekly by cryptoweekly
June 5, 2025
in bitcoin, News
0

Circle had boosted its IPO to a range of $1.05 billion on June 4 as investor demand grew significantly.

Stablecoin issuer Circle made a strong entry into the public market on June 5, with its shares climbing 167% on its first trading session on the New York Stock Exchange (NYSE).

Under the CRCL ticker, Circle’s shares opened at $31, surging 235% in the first hours of negotiation before closing at $82 at the end of the day. The company’s performance hints at a growing market appetite for stablecoin businesses.

The oversubscribed round had some significant tailwinds. On May 28, the world’s largest asset manager, BlackRock, revealed it was eyeing a 10% stake in the IPO. Cathie Wood’s ARK Investment was reportedly interested in buying $150 million worth of shares of the offering.

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Recent Posts
  • Circle stock price jumps 167% on first day of trading after IPO
  • WLFI sends cease-and-desist letter over ‘unauthorized’ Trump wallet — Report
  • Arca exec trashes Circle IPO in expletive-laced open letter
  • Lummis: Fed confirmation signals ’brighter future for digital assets’
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