Circle’s IPO success marks the start of crypto listing surge
Circle’s explosive IPO has set a new benchmark for crypto equity listings, but the real story may lie in what comes next.
According to the latest Bybit Crypto Insights Report shared with crypto.news, Wall Street not only misjudged Circle’s value, but may now be playing catch-up as more crypto firms prepare to go public.
The report dissects the details behind Circle’s debut on the NYSE under ticker CRCL, which saw its stock surge from $31 to $107 in the first week. Bybit analysts argue that this breakout was more than investor enthusiasm—it was a sign that traditional valuation models are failing to capture crypto’s growth dynamics.
Bybit highlights how investment bankers underestimated Circle’s (
