Tech
Stablecoin firm Circle scales record high after blockbuster NYSE listing
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Stablecoin issuer Circle Internet‘s shares climbed 41% to hit a record high on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier.
The New York-based company’s stock touched as much as $117.45, more than triple its offer price of $31 and valuing the company at $30.5 billion on a fully diluted basis.
The blockbuster listing also reinforced expectations that the IPO market was regaining its momentum after being stifled by tariff-driven volatility.
“This is big enough that it extends beyond crypto,”…
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