Circle's stock soared after its IPO, reaching $123 on its second day of trading, nearly quadrupling from its initial offering price of $31. This performance surpassed notable debuts from other major tech firms, including Airbnb, which doubled its IPO price in its debut. Circle's IPO attracted significant investor interest, reflecting excitement around stablecoins, which could see expanded applications as Congress considers related legislation. Despite its impressive debut and substantial gains, Circle's overall market valuation remains lower than established tech rivals, like Meta and Robinhood. Comparatively, Meta's IPO in 2012 showed modest initial movement, while Robinhood's debut in 2021 fell short of expectations, highlighting Circle's unique position in the current market landscape and its ability to capture attention within the cryptocurrency sector.

Source 🔗