Latest news with #CircleInternetGroupInc
Yahoo
4 days ago
- Business
- Yahoo
Circle IPO surges 123% on debut
-- The IPO for stablecoin leader Circle Internet Group Inc (NYSE:CRCL) surged during its NYSE debut on Thursday. Shares opened at $69 per share after pricing 34,000,000 shares at $31 per share. Shares have continued higher to $85 per share, up 174%. Circle offered 14,800,000 shares in the IPO, while selling stockholders offered an additional 19,200,000 shares. The company and shareholders raised over $1.05 billion in the offering. Based on the latest price, the company is valued at over $17.5 billion. J.P. Morgan, Citigroup, and Goldman Sachs & Co (NYSE:GS). LLC acted as joint lead active bookrunners for the offering. Circle is a global fintech company that helps businesses use digital currencies and blockchains for payments and financial applications. It operates the world's largest stablecoin network, issuing USDC and EURC through regulated affiliates, and offers tools for integrating stablecoins into products and operations. In 2024, Circle reported revenue, net income, and Adjusted EBITDA of $1.7 billion, $155.7 million, and $284.9 million, respectively. For the first quarter of 2025, revenue, net income, and Adjusted EBITDA were $578.6 million, $64.8 million, and $122.4 million, respectively. Related articles Circle IPO surges 123% on debut Tesla stock tumbles amid Trump criticism Jefferies upgrades Southern Company as it sees long-term earnings boost 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
Bloomberg
02-04-2025
- Business
- Bloomberg
Wall Street Urges IPO Hopefuls to Trim Valuations in Weak Market
As turbulent US equity markets cloud the picture for initial public offerings, some on Wall Street are urging companies to temper their valuations for a better chance of pulling off a successful deal. Stablecoin issuer Circle Internet Group Inc. filed publicly for a listing on Tuesday, joining a hopper of companies including Klarna Group Plc and MNTN Inc. hoping to go public in the coming weeks and months.
