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Circle Soars In First-Ever Stablecoin IPO, Making CEO A Billionaire
Circle, the company behind the $61 billion stablecoin USDC, made a roaring debut on the New York Stock Exchange Thursday, becoming the first stablecoin issuer to go public and making CEO and cofounder Jeremy Allaire a billionaire.
Stablecoin Giant Circle Files for IPO on NYSE
The IPO price is expected to be between $24 and $26 per share. Based on the higher end of the range, Circle could raise almost $250 million, while the selling stakeholders could get nearly $375 million for their stake. Cathie Wood's ARK has expressed interest in buying $150 million worth of shares from the IPO, the USDC-issuer said in a filing.
Circle rejected a Ripple buyout offer before soaring to a $21B valuation after its NYSE debut, signaling strong confidence in ...
Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world's biggest stablecoins, and Circle ...
Digital investment firm Arca has sold its entire stake in Circle after publicly criticizing the stablecoin issuer’s initial ...
The successful debuts of Circle and CoreWeave could lead to more unicorns going public. Keep an eye on fintech Chime and ...
Circle Internet said on Monday it was targeting a valuation of up to $7.2 billion on a fully diluted basis in its upsized U.S ...
While Wall Street insiders enjoyed a first day "pop," it appears Circle could have pocketed much more from its debut.
What exactly does Circle do, and why did it decide to move its headquarters from downtown Boston to lower Manhattan late last ...
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