Circle Internet Group (CRCL) made headlines with its explosive entry onto the New York Stock Exchange, as shares soared more than 168% above their IPO price in the first day of trading. The stock, which was priced at $31 per share for its initial public offering, opened at $69 and quickly skyrocketed to an intraday high of $103.75, triggering multiple trading halts due to intense market volatility.
The momentum didn’t stop there. On its second day, CRCL surged as high as $123.49, nearly quadrupling its IPO price and pushing the company’s market valuation to over $32 billion By the close of trading, the stock settled around $107.70, still up more than 29% in 24 hours and 56% for the week.
Circle’s blockbuster IPO is being hailed as a turning point for both the cryptocurrency sector and the broader IPO market, which has struggled with volatility in recent years. The company, best known for issuing the USDC stablecoin, raised over $1 billion in its upsized offering, far exceeding expectations and drawing interest from major institutional investors.
Analysts say Circle’s dramatic debut is likely to inspire more crypto and fintech companies to pursue public listings, potentially revitalizing a cautious IPO market. With digital assets gaining mainstream traction and regulatory clarity improving, all eyes are now on CRCL to see if its momentum will hold—or if more volatility lies ahead.
