Circle’s IPO performance has outshone that of major tech companies such as Meta, Robinhood, and Airbnb. The stock debuted at $31, and by the end of its first trading day, it surged to $82.84, marking a 167% increase. The following day, it reached an intraday high of $123.51, nearly quadrupling its opening price. This remarkable rise has attributed to heightened investor interest and the stock representing one of the few ways for investors to enter the stablecoin market as competitors are not publicly traded. In contrast, Meta's stock performance during its 2012 IPO was stagnant, and Robinhood's shares dropped significantly post-IPO. Overall, Circle's explosive entry into the market is a standout achievement in the IPO landscape, reflecting growing interest in the stablecoin sector which may see broader applications in the financial market soon.

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