Stablecoin co Circle quadruples from IPO price
ReutersJun 9, 2025 1:19 PM
Shares of stablecoin firm Circle Internet CRCL.N continue to surge and are up 19.6% at $128.80 premarket, more than quadruple their IPO price
CRCL shares on Fri closed up ~29% at $107.70 in their second day of trading following blowout debut on Thurs after $1.05 bln offering priced at $31
On a fully diluted basis, New York-based firm notched roughly $28 bln valuation as of Fri
Meanwhile, crypto exchange Gemini, run by billionaire twins Tyler and Cameron Winklevoss, on Fri said it confidentially filed for a U.S. IPO, in hopes of capitalizing on renewed market momentum in digital assets
Last month, the addition of Coinbase COIN.O to the benchmark S&P 500 was seen as a watershed moment for the industry
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Netflix After the Warner Deal: What Investors Should Know
TradingKey - For quite some time now, Netflix (NFLX) has been regarded as the premier subscription-based streaming service in the world, with a well-established history of growth through creative use of pricing power, developing hit programming, and relying very little on outside sources for licensiTradingKey
8 hours ago
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion TreTradingKey
Mon, Feb 9
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.TradingKey
Fri, Feb 6
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
