Circle IPO has officially made it to Wall Street, as trading for CRCL is live on the NASDAQ. Circle is now the first stablecoin issuer to launch an IPO.
Circle priced its shares at $66 each, comfortably exceeding initial expectations. The IPO successfully raised over $1.05 billion.
In just a few movements, CRCL hit $100 and is now trading at the price of $87.76. You can check out the correct live price of CRCL here .
With the hyped launch, the IPO itself values Circle at approximately $6.1 billion, and now that the high open has happened, the market cap could surge to over $20 billion within hours of the trading.
As CRCL begins its first trading session, investors and industry experts alike are closely monitoring the stock’s initial performance.
Also Read: Circle IPO Oversubscribed by 25X — Here’s All You Need To Know
