#CircleIPO

IPO means "Initial Public Offering" – meaning that Circle is preparing to enter the stock market and sell its shares to the public for the first time. 🚀 Why is this important? The entry of a large Web3 company like Circle into the traditional financial market = a huge step towards integrating economies.

Circle Internet Group, issuer of the USDC stablecoin, priced its initial public offering at $31 per share. That tops the expected range of $27 to $28 per share. The IPO price gives the company a total market value of $6.8 billion. Shares will trade on the New York Stock Exchange under the symbol “CRCL.”How Does Circle Make Money? Circle's products are freely available in app stores, and the company does not charge fees for transactions or transfers. It makes money through the trading of bitcoin and other cryptocurrencies in over-the-counter (OTC) markets and at digital exchanges.

As per the rule, IPO refunds must be initiated within 4 working days of the close of the public offer. If the money is not refunded/released within the specified timeframe, the issuer must pay a penalty