Latest news with #BrianneLynch
Yahoo
9 hours ago
- Business
- Yahoo
Circle stock gains 7%, extends gains for third day in a row since blockbuster 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 as much as 15% before paring gains to close at $115 per share, a premium of 270% above its debut IPO price of $31. The surge builds on gains from the previous two trading days, including an intraday surge of over 200% last Thursday shortly after the company's highly anticipated market debut. Circle's IPO success comes amid bullish momentum in the crypto space, including the Trump administration's push for a friendly framework for cryptocurrencies, the president's business involvement in the space, and legislation in Congress that would regulate stablecoins. "Having a crypto-friendly administration, the legislation ... plus the fact that larger financial institutions are considering launching their own coins, these are all tailwinds and votes of confidence in the stablecoin market," EquityZen head of market insight Brianne Lynch told Yahoo Finance last Thursday. Circle had previously attempted to go public via a SPAC deal in 2021 but ultimately shelved the plan a year later. Circle is the issuer of the stablecoin USDC (USDC-USD), which is backed by the dollar. The company had $60 billion worth of the token in circulation at the end of the first quarter. Circle is the second-largest stablecoin issuer on the market, trailing only Tether, which has nearly $150 billion in circulation. The company generates the bulk of its revenue through "reserve income" — profits earned from the cash reserves backing the USDC stablecoins. Publicly traded companies have been increasing their exposure to digital assets, with some shifting their strategies to emulate Strategy's (MSTR) bitcoin treasury model. Bitcoin (BTC-USD) recently surged to all-time highs above $110,000. On Monday, bitcoin traded near $107,000 per token. Click here for in-depth analysis of the latest stock market news and events moving stock prices
Yahoo
14 hours ago
- Business
- Yahoo
Circle stock surges 15%, extends gains for third day in a row since blockbuster IPO
Circle's stock (CRCL) 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 their debut price of $31. The surge builds on gains from the previous two trading days, including an intraday surge of over 200% last Thursday shortly after the company's highly anticipated market debut. Circle IPO success comes amid bullish momentum in the crypto space, including the Trump administration's push for a friendly framework for cryptocurrencies, the president's business involvement in the space, and legislation in Congress that would regulate stablecoins. "Having a crypto friendly administration, the legislation... plus the fact that larger financial institutions are considering launching their own coins, these are all tailwinds and votes of confidence in the stablecoin market," Brianne Lynch, EquityZen head of market insight told Yahoo Finance last Thursday. Circle had previously attempted to go public via a SPAC deal in 2021 but ultimately shelved the plan a year later. Circle, the issuer of the stablecoin USDC (USDC-USD), which is backed by the dollar. The company had $60 billion worth of the token in circulation at the end of the first quarter. Circle is the second-largest stablecoin issuer on the market, trailing only Tether, which has nearly $150 billion in circulation. The company generates the bulk of its revenue through "reserve income"—profits earned from the cash reserves backing the USDC stablecoins. Publicly traded companies have been increasing their exposure to digital assets, with some shifting their strategies to emulate MicroStrategy's (MSTR) bitcoin treasury model. Bitcoin (BTC-USD) recently surged to all-time highs above $110,000. On Monday, bitcoin traded near $107,000 per token. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Circle stock surges 15%, extends gains for third day in a row since blockbuster IPO
Circle's stock (CRCL) 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 their debut price of $31. The surge builds on gains from the previous two trading days, including an intraday surge of over 200% last Thursday shortly after the company's highly anticipated market debut. Circle IPO success comes amid bullish momentum in the crypto space, including the Trump administration's push for a friendly framework for cryptocurrencies, the president's business involvement in the space, and legislation in Congress that would regulate stablecoins. "Having a crypto friendly administration, the legislation... plus the fact that larger financial institutions are considering launching their own coins, these are all tailwinds and votes of confidence in the stablecoin market," Brianne Lynch, EquityZen head of market insight told Yahoo Finance last Thursday. Circle had previously attempted to go public via a SPAC deal in 2021 but ultimately shelved the plan a year later. Circle, the issuer of the stablecoin USDC (USDC-USD), which is backed by the dollar. The company had $60 billion worth of the token in circulation at the end of the first quarter. Circle is the second-largest stablecoin issuer on the market, trailing only Tether, which has nearly $150 billion in circulation. The company generates the bulk of its revenue through "reserve income"—profits earned from the cash reserves backing the USDC stablecoins. Publicly traded companies have been increasing their exposure to digital assets, with some shifting their strategies to emulate MicroStrategy's (MSTR) bitcoin treasury model. Bitcoin (BTC-USD) recently surged to all-time highs above $110,000. On Monday, bitcoin traded near $107,000 per token. Click here for in-depth analysis of the latest stock market news and events moving stock prices Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Circle IPO tapping into crypto momentum, stablecoin optimism
Stablecoin issuer Circle Internet Group (CRCL) is making its IPO debut on Thursday, stirring optimism across the crypto and equity markets. Brianne Lynch, EquityZen Head of Market Insight, joins the Morning Brief team to break down what Circle's momentum means for the IPO landscape and investor appetite for these emerging companies. Hear Yahoo Finance explain what Circle does and who's looking to buy up shares at its IPO. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
Yahoo
25-05-2025
- Business
- Yahoo
New Hope for IPOs
Brianne Lynch, Head of Market Insight at EquityZen, says the successful market debuts of eToro, MNTN, and Hinge Health are giving tech investors and startups hope for IPOs. Lynch explains why the secondary market will continue to be a liquidity option with Caroline Hyde on "Bloomberg Technology."
