Circle closes Nasdaq debut at $83.23—stock price soars 168%, market cap hits $16.7 billion
Suehyeon Lee
Summary
- Circle reportedly finished trading on its first day of listing, drawing strong interest from Wall Street.
- Circle’s stock closed at $83.23, a 168% increase from its IPO price.
- On its first day of listing, Circle’s market capitalization soared to $16.7 billion.
Stablecoin issuer Circle received significant attention from Wall Street on its first day of trading after its listing.
According to Unfolded on the 6th (local time), Circle finished trading at $83.23, up 168% from its IPO price of $31, with over 47.1 million shares traded in a single day.
Circle's stock price soared to an intraday high of $103.75 and a low of $66.60, showing high volatility. On its first trading day, the company’s market capitalization surged to approximately $16.7 billion (about ₩22 trillion).
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
