Circle’s blockbuster IPO paves way for other crypto public listings
Stablecoin issuer Circle’s $1.05 billion initial public offering on Thursday could spur other large crypto players to follow suit as the industry benefits from U.S. President Donald Trump’s embrace of the sector, according to experts and analysts.
Circle priced its shares at $31 on Wednesday. In a sign of investor demand, they opened on the New York Stock Exchange on Thursday at $69 apiece and closed at $83.23.
That trajectory is likely to encourage other crypto companies eyeing stock market debuts. Circle is the first major crypto company to go public since crypto exchange Coinbase listed on Nasdaq in 2021.
Analysts have pointed to crypto exchanges Kraken and Gemini as other potential IPO candidates in the digital asset sector. Neither…
