Circle quickly gained attention in the public market with its recent debut on the Stock Exchange. The shares with the ticker CRCL indeed showed an impressive increase, reaching levels that pushed the market capitalization well beyond some giants of the sector.
Rapid rise of Circle after the IPO
The launch of Circle on the stock exchange, which took place on June 5 at a price of 31 dollars per share, has already recorded a return of nearly 600%. Just during Monday’s session, the stock rose further by 12%, reaching about 270 dollars per share. This bull trend has resulted in a market capitalization exceeding 77 billion dollars, a remarkable value considering the brevity of its presence on the public market.
The maximum peak was reached on Sunday morning with a price of 298 dollars per share, highlighting a growing interest from investors and a solid confidence in the potential of growth of Circle. This result places the company above the valuations of USDC, its stablecoin,
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