#CircleIPO

Circle's IPO recently closed with a valuation of $18.4 billion, slightly below expectations but still ahead of newer entrants like Fold and eToro. The company, known for issuing USDC, a popular stablecoin, saw its stock triple on its NYSE debut. This significant market performance indicates strong investor interest in cryptocurrency-related companies. Circle's IPO valuation is notably lower than Coinbase's, highlighting the dynamic nature of the crypto market. As the industry continues to evolve, Circle's performance could serve as a benchmark for future cryptocurrency-related IPOs ¹ ².