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Circle Internet, a stablecoin issuer, experienced a surge in its stock value, climbing 48% on Friday, following a successful debut on the New York Stock Exchange. This impressive performance builds on the momentum from the previous day.
The company’s stock price reached a peak of $123.49, nearly quadrupling its initial offer price of $31. This surge values Circle at an estimated $32.1 billion on a fully diluted basis.
Circle’s strong market entry has fueled optimism regarding the resurgence of the IPO market, which had previously been hampered by volatility stemming from trade tariffs and other global issues. The successful listing suggests a renewed appetite for new offerings and signals a potential rebound for the IPO landscape.
