$BTC

🚨📣: Circle's IPO price surges, giving hope to more startups awaiting IPOs

- Circle, a major issuer of the USDC stablecoin, ended its first day of trading as a public company at $83.23 per share, a 168% increase from its IPO price of $31.

- The high IPO price reflects strong investor interest in cryptocurrencies and could influence the price rise of upcoming IPOs, such as Omada Health and Klarna.

- Although the initial price was lower than its previous private market valuation of $7.7 billion, Circle's market capitalization rose to $16.7 billion by the end of the trading day.

- This successful IPO comes three years after a failed attempt to go public via a SPAC at a valuation of $9 billion.