In brief
- Circle stock closed at $83.23, up 168% from its $31 IPO price, after multiple trading halts due to volatility.
- The company raised $1.1 billion by listing 34 million shares under the ticker CRCL on the NYSE.
- Circle ended the day with a market cap of $18.4 billion, below Coinbase’s $85 billion debut but above eToro and Fold.
Circle stock surged Thursday as the stablecoin issuer began trading on the New York Stock Exchange, marking one of the strongest debuts by a crypto-native firm in recent memory.
The offering raised nearly $1.1 billion, giving Circle a closing market capitalization of $18.4 billion, positioning it behind sector giants but ahead of smaller entrants.
Trading under the ticker CRCL, Circle listed 34 million…
