Circle Internet’s stock price has gotten too high for one of the banks that led its IPO
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The massive rally in Circle Internet Group Inc.’s stock price since the stablecoin issuer’s initial public offering earlier this month has drawn cautious comments from one of the banks that took the company public.
JPMorgan analyst Kenneth Worthington assigned an underperform rating to Circle Internet
CRCL and said the company’s stock-market valuation, at about $41 billion, has been “pushed outside our comfort zone.”
