The Circle, the largest stubcoin issuer in the United States, has launched an initial public offering (IPO) from the IPO price of $31 to the peak of over $103, marking the explosive first day of trading.
This stock price rise is surrounded by a circle of about $20 billion.
In addition to suggesting that Circle could increase the price of its IPO, this increase also leads to an interesting comparison with Coinbase, one of the previous major public offerings in the US.
Read more: Circle vs. Tether: What are the reserves?
Coinbase did not use the IPO, but instead sold directly by existing shareholders, with an initial reference price of $250. However, it actually opened for $381, with the first day of the transaction ending at $328.
When the first day is over, Coinbase A full dilution rating of approximately $85 billion.
The relationship between Coinbase and Yen
Both Coinbase and Circle are co-founders of the Center Consortium and were previously publishers of USDC Stablecoin.
However, in 2023 the Center Consortium was closed, with the circle taking over USDC’s responsibility, and Coinbase won shares in the circle.
It was recently reported that prior to this IPO, Circle had considered roughly assessing solid publishers by Coinbase. $5 billion.
This, and the like-reported Ripple acquisition, never comes to fruition, and the public market appears to appreciate the circle more than the rumored acquisition price.
