#CircleIPO Circle's shares soar 41% on its first day on Wall Street According to the original report, the stablecoin issuer Circle Internet had an impressive debut on the New York Stock Exchange. Its shares rose 41% on Friday, reaching an all-time high. This increase pushed them to touch $117.45, a figure significantly above the initial offering price of $31. Circle's valuation is now at $30.5 billion on a fully diluted basis.

A boost for the IPO market

Circle Internet is not only in the spotlight within the cryptocurrency world. Lynn Martin, president of the NYSE, commented that Circle's initial public offering (IPO) is a key indicator for the IPO market this year. Matt Kennedy, senior strategist at Renaissance Capital, highlighted that this move is significant enough to transcend the realm of cryptocurrencies, showing renewed confidence in the market.