The post Circle’s stock rallies over 174% above its IPO price of $31 on debut appeared on BitcoinEthereumNews.com.

Circle started its first trading day with a price of $69, surpassing previous predictions of price discovery. The company held its IPO at $31, expecting to open at $44 for a much smaller premium.  Circle’s stocks rallied during their debut on the NYSE, rising to $69 in early trading. The newly public company with the ticker $CRCL even briefly climbed to $84.92, over 174% above its IPO price of $31. Soon after the trading started, excessive volatility led to a trading halt after triggering a limit up circuit breaker. Early traders reported an inability to buy shares as the price rallied in minutes. Circle opened at $69.50, despite lower expectations of trading at around $44 in its NYSE debut. | Source: Yahoo Finance Circle Internet Group is trading 34M listed shares, for a valuation above $2.34B. The current valuation remains slightly lower than the recent proposals from Ripple, Inc., attempting to acquire the company for $5B, later increased to as much as $20B. Despite the offers, Circle aimed to fulfill its goal of becoming a publicly traded company.  The CRCL shares were volatile on the first day, trading between $64 and a brief outlier of $103.75. The shares are still discovering their fair price, at a time when crypto and fintech companies are having a revival on the stock market.  Jeremy Allaire, founder and CEO of Circle, stated the listing today was one of the most exciting moments of his life.  “[This moment] is one of the most exciting moments of my life.”  Post-Opening Bell with @jerallaire pic.twitter.com/SQKXsMVpqD — Circle (@circle) June 5, 2025 Circle aims to go beyond a stablecoin issuer and build the payment layer for the Internet, spanning both crypto native uses and fintech for everyday payments.  ‘At Circle, our mission is to raise global economic prosperity…

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Filed under: News - @ June 5, 2025 6:27 pm