Circle IPO leaves $1.76 billion on the table
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BitMEX Research suggests Circle's post-IPO rise and treasury-backed model could make it a safer, more profitable play than MicroStrategy.
CoreWeave saw a massive rally following its late March debut and Circle I burst onto the scene last week with its successful IPO.
Circle's (CRCL) stock surged for a third day in a row on Monday following its blockbuster IPO last week. Shares of the stablecoin issuer jumped more than 15% to trade near $122, nearly 300% above the debut price of $31.
In this photo illustration, the Circle Internet Group logo is seen displayed on ... More a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images
USDC stablecoin issuer Circle has seen its CRCL share price shoot to a new high of $138.57 on only its third day of trading.
Shares are up another 9% in volatile action on Monday, now having nearly quadrupled in price since the IPO late last week.
Circle stock continued to surge on Monday for a third day in a row following the stablecoin issuer's blockbuster IPO last week.
Circle (CRCL, Financials) soared 168% on its first day of trading Thursday after the stablecoin issuer priced its long-anticipated initial public offering at $31 per share. The stock opened near $69 and closed at $83.