📈 Urgent: Circle Company begins trading on the New York Stock Exchange at $31 per share!
According to reliable reports, Circle – the issuer of stablecoins like USDC – started its first trades today on Wall Street (NYSE), with the stock opening at $31.
🔸 Circle officially enters the public market
🔸 A move that may enhance investor confidence in stablecoin projects
🔸 Monitoring stock movements and their impact on the Web3 sector
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Details of the IPO:
Number of shares offered: 34 million shares, including 14.8 million new shares from the company and 19.2 million shares from current shareholders.
Total proceeds: approximately $1.1 billion.
Market capitalization: estimated at around $6.9 billion, with a fully diluted value reaching $8 billion.
This step is considered a milestone in Circle's journey, which was founded in 2013, especially after previous attempts at a public offering that were not completed. Circle is the second largest issuer of stablecoins globally, with a current trading volume of USDC around $61 billion.
This listing is seen as evidence of increasing interest from Wall Street in cryptocurrency companies, particularly in light of a clearer regulatory environment in the United States.
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