onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: Stablecoin firm Circle scales record high after blockbuster NYSE listing
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
Finance

Stablecoin firm Circle scales record high after blockbuster NYSE listing

Last updated: June 6, 2025 1:43 pm
Oliver James
Share
2 Min Read
Stablecoin firm Circle scales record high after blockbuster NYSE listing
SHARE

(Reuters) -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,” said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs.

Wall Street executives also struck an optimistic tone on Thursday at an industry conference, emphasizing that markets were ready for the right companies.

NYSE President Lynn Martin said Circle’s IPO was a bellwether for the IPO market this year and not just for crypto listings.

Investors are also realizing that the uncertain environment is going to be relatively persistent and focusing on putting their dollars at work, Nasdaq CEO Adena Friedman said.

“This is the latest sign of building momentum in the IPO market. We’ll likely continue to see moderate activity over the next month, but there is still some tariff uncertainty on the horizon, which is why we’re expecting more of a full IPO rebound in the fall,” Kennedy said.

Digital banking startup Chime is poised to go public in New York next week.

Sixth Street-backed cancer diagnostic firm Caris Life Sciences, private equity-backed debt buyer Jefferson Capital and Florida-based Slide Insurance have also joined the IPO pipeline in recent weeks.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Sriraj Kalluvila)

You Might Also Like

Kevin O’Leary: Trump’s Tariffs on China Are Not Enough — Here’s Why

5 Little Luxuries on Sale at Sam’s Club in June

How to manage ADHD at work and turn it into a strength

The one-job, one-career model isn’t working — I talked strategy with two personal finance experts

WK Kellogg Q1 Profit Slumps, Flags Modest Tariff Impact From Raw Material Sourcing

Share This Article
Facebook X Copy Link Print
Share
Previous Article Abby Lee Miller Sues Cedars-Sinai Hospital for Allegedly Leaving a Catheter Inside Her Body for Years Abby Lee Miller Sues Cedars-Sinai Hospital for Allegedly Leaving a Catheter Inside Her Body for Years
Next Article Bolivia reinstates a leftist challenger but keeps former leader Morales off the ballot Bolivia reinstates a leftist challenger but keeps former leader Morales off the ballot

Latest News

The Easy, Creamy One-Pot Pasta You Need to Try
The Easy, Creamy One-Pot Pasta You Need to Try
Entertainment July 30, 2025
Ex-‘Daily Show’ Correspondent Supports Co-Star Colbert Amid ‘Late Show’ Axing
Ex-‘Daily Show’ Correspondent Supports Co-Star Colbert Amid ‘Late Show’ Axing
Entertainment July 30, 2025
Willie Nelson’s Old-School Groupie Advice Resurfaces—and It’s Gold
Willie Nelson’s Old-School Groupie Advice Resurfaces—and It’s Gold
Entertainment July 30, 2025
NYT Mini Crossword Answers, Hints for Thursday, July 31, 2025
NYT Mini Crossword Answers, Hints for Thursday, July 31, 2025
Entertainment July 30, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.