Latest news with #CircleInternet
Reuters
4 hours ago
- Business
- Reuters
Factbox: Hot or not? How recent high-profile US IPOs have performed
Aug 7 (Reuters) - A surge in equity markets and robust debuts from notable newcomers have fueled renewed enthusiasm for initial public offerings. Design software maker Figma (FIG.N), opens new tab and stablecoin giant Circle (CRCL.N), opens new tab peaked at 333% and 864% above their IPO prices in the days following their debut, highlighting how eager investors are to get behind the companies they think are future winners. Here's how an ETF tracking major newly public stocks has fared against the benchmark S&P 500 (.SPX), opens new tab over the past year: Below is a look at how some of the biggest IPOs in recent years have performed: FIREFLY AEROSPACE (FLY.O), opens new tab: The Northrop Grumman-backed space tech firm upsized its IPO and priced above range to raise $868.3 million. Its stock opened nearly 56% above the IPO price on the Nasdaq. FIGMA (FIG.N), opens new tab: Design software maker Figma raised $1.22 billion in its IPO and ended its first day on the NYSE with an eye-popping gain of 250% in July. Its shares are now trading about 6% higher than where they opened, and 174% higher than the IPO price. CHIME (CHYM.O), opens new tab: The financial technology company priced its IPO above the marketed range, raising $864 million in June. The stock opened 59% higher on debut and is now trading nearly 22% above the IPO price. CIRCLE INTERNET (CRCL.N), opens new tab: The stablecoin issuer raised $1.05 billion in an upsized IPO earlier in June, debuting with a valuation of nearly $18 billion on a fully diluted basis. Its shares more than doubled on day one, closing about 168% above the IPO price. The stock is trading 134% above its price at open. ETORO : Robinhood-rival eToro secured a valuation of $5.64 billion after its shares surged 34% in their Nasdaq debut in May. The stock and cryptocurrency trading platform raised $620 million in an upsized IPO. Its stock has declined 19% since the debut. COREWEAVE (CRWV.O), opens new tab: The AI cloud firm's Nasdaq debut was muted in March, but the stock has jumped nearly three-fold despite opening nearly 3% below its offer price. The Nvidia (NVDA.O), opens new tab-backed company raised about $1.5 billion in its IPO for a valuation of about $23 billion on a fully diluted basis. VENTURE GLOBAL LNG (VG.N), opens new tab: The liquefied natural gas exporter raised $1.75 billion in its offering in January, settling for nearly half the valuation it had aimed for earlier. The company's shares opened nearly 4% below their IPO price in a subdued NYSE debut. They have plunged around 40% since then. SAILPOINT (SAIL.O), opens new tab: The Thoma Bravo-backed identity security company's shares traded flat in their Nasdaq debut, valuing it at $12.8 billion. The stock has since lost nearly 12%. The Austin, Texas-based company raised $1.38 billion in an upsized IPO. ARM HOLDINGS : The chip designer raised $4.87 billion in its offering in September 2023, valuing it at $54.5 billion. It had sought a valuation of as much as $52 billion. The company's shares rose 10% at the open. The stock has more than doubled since then. INSTACART (CART.O), opens new tab: The San Francisco-based company, which is incorporated as Maplebear, was priced at the top end of the marketed range in its IPO. It raised $660 million at a nearly $9.9 billion valuation in September 2023. It had hiked its proposed price range and targeted a valuation of up to $10 billion. The grocery delivery app's stock popped 40% at the open and has since gained about 14%. VIKING HOLDINGS (VIK.N), opens new tab: The cruise operator's IPO raised $1.54 billion in April last year, valuing it at $10.35 billion. It had sought a valuation of as much as $10.8 billion in the offering. Viking's shares opened 9% above their offer price and have more than doubled since. STANDARDAERO (SARO.N), opens new tab: The aircraft maintenance services provider notched a valuation of roughly $8 billion after pricing its offering above range to raise $1.44 billion in October last year. It had initially targeted a valuation of up to $7.69 billion. The Carlyle-backed company's shares began trading 29% above the offer price. They have since lost around 9%. LINEAGE (LINE.O), opens new tab: The cold storage real estate investment trust raised $4.45 billion in its listing in July 2024, at a valuation of more than $18 billion. It had aimed for a valuation as high as $19.16 billion. The company's stock gained 5% in its Nasdaq debut at the open. However, it has fallen 46% below its price at open. REDDIT (RDDT.N), opens new tab: The social media giant fetched $748 million in its IPO in March last year, which valued it at $6.4 billion — the top end of the target range at which it had advertised. Its stock opened 38% above the offer price, and has jumped more than four-fold since. BIRKENSTOCK (BIRK.N), opens new tab: The 250-year-old German sandal maker raised $1.48 billion and was valued at $9.3 billion in its IPO in October 2023, slightly lower than its target of $10 billion. Its shares debuted 11% below their IPO price but have risen 20% since. ** Note: Stock performance since debut is calculated on the basis of the opening trade ** Sources: Filings, LSEG, Reuters' reports
Time of India
3 days ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Bitcoin Could Reach $166,000, Says CryptoCon
04 Aug 2025 | 11:45:13 PM IST According to analyst CryptoCon, Bitcoin's price trajectory suggests a potential rise to $166,000, following a Fibonacci model that has guided its movements over the past two years. The cryptocurrency market is buzzing with speculation as Bitcoin's price recently dipped to around $114,500 after hitting an all-time high of $123,000. Analyst CryptoCon predicts a rise to $166,000 based on Fibonacci extensions, a pattern observed in previous cycles. Meanwhile, the broader crypto market is experiencing a rally, with Bitcoin rebounding to $115,300 and altcoins like Spark and MemeCore gaining traction. This surge follows the successful Circle Internet IPO and potential changes in the Federal Reserve's leadership, which could lead to interest rate cuts, historically favorable for crypto prices. Additionally, Ethena has shown strong performance, rallying 11.23% and holding above key support levels, while new projects like Pepeto are gaining attention due to their utility-driven models. Chainlink is also making strides by launching Data Streams for U.S. equities, enhancing the tokenized asset market. As the market evolves, analysts are closely watching these developments, with the potential for significant price movements in the coming months. Show more
Yahoo
6 days ago
- Business
- Yahoo
Why Figma Stock Skyrocketed 250% This Week
Key Points Figma stock surged 247% after its IPO, hitting a market cap close to $60 billion. Impressive recent growth (more than 40% YOY) and widespread adoption highlight the platform's strength. At this valuation, investors must believe Figma can sustain rapid growth and fend off intensifying AI-driven competition. 10 stocks we like better than Figma › Shares of Figma (NYSE: FIG) exploded this week after its public debut on Thursday. The stock is currently trading 253% higher than its initial public offering (IPO) price as of 3:17 p.m. ET. The extreme leap comes as the S&P 500 lost 2.4%, and the Nasdaq-100 lost 2.2% amid new tariffs and weak jobs data. Figma, which offers a web-based design platform that is used to create websites and apps, IPOed on Thursday at $33 a share and is now trading above $118. The huge IPO eclipsed even the recent success of Circle Internet, which saw its stock triple in the first few weeks. Figma's stock is red hot The company has now reached a valuation of nearly $60 billion. That is a pretty hefty valuation, given the company's 2024 sales of under $750 million. Granted, it has grown its top line by more than 40% in both of the last two years. That's pretty impressive. I have doubts, however, about how long this trajectory can last. The company touts that "95% of the Fortune 500" used Figma in March of this year. While that number lends clout to the company and the quality of its product, it's a double-edged sword. It calls into question how much the company can continue growing its enterprise revenue if it is already so ubiquitous among the most important companies in the world. I have serious doubts about the strength of Figma's moat and its ability to defend it in a hyper-competitive landscape actively being transformed by artificial intelligence (AI), at least at its current valuation. It would need to continue to deliver 40% growth for years to justify its current valuation and continue to offer investors a solid return. Should you buy stock in Figma right now? Before you buy stock in Figma, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Figma wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Figma Stock Skyrocketed 250% This Week was originally published by The Motley Fool
Yahoo
31-07-2025
- Business
- Yahoo
Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support for 3 Stablecoins
Global payments provider Visa (V) is expanding its stablecoin settlement platform to new blockchains and stablecoins, the company announced on Thursday. The firm will now support two dollar-pegged tokens, PayPal USD (PYUSD) and Global Dollar (USDG), through a partnership with Paxos. It is also adding the euro-backed EURC, issued by Circle Internet (CRCL), giving partners access to settlement in both U.S. dollars and euros. Two new blockchains, Stellar (XLM) and Avalanche (AVAX), will join Visa's existing support for Ethereum (ETH) and Solana (SOL). With the additions, the firm's settlement platform supports four stablecoins, including USDC, across four blockchains. The update comes as stablecoins gain traction among payment providers, fintechs and banks seeking faster cross-border transactions. A giant in traditional payments, Visa was an early mover in the stablecoin space, exploring settlements with USDC in 2020. Last year, the company unveiled a tokenization platform for banks and institutions to help issue tokens and stablecoins. With supporting multiple stablecoins and chains, Visa aims to reduce friction for wallets and developers and respond to growing demand for interoperable stablecoin payments. "We believe that when stablecoins are trusted, scalable and interoperable, they can fundamentally transform how money moves around the world," said Rubail Birwadker, Visa's global head of growth products and strategic partnerships. "Visa is building a multi-coin and multi-chain foundation to help meet the needs of our partners worldwide."Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
22-07-2025
- Business
- Bloomberg
Stock Movers: Circle Internet Group, Opendoor Technologies, Philip Morris
On this episode of Stock Movers: Circle Internet Group (CRCL) shares drop after the stablecoin issuer was downgraded to sell from neutral at Compass Point Research & Trading LLC, as it sees more competition for Circle now that the US stablecoin bill has passed. Opendoor Technologies (OPEN) shares surge. It extended its rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms. Philip Morris (PM) shares fell after Zyn nicotine pouches shipments accelerated by less than analysts had expected. Citi analyst Simon Hales said "Underlying Zyn consumer off-take trends remain strong" but the volume miss is likely to weigh on the shares.
