Circle shares are torn by 175 % on the first day of trading amid the flood of interest in the general subscription of Stablecoin source

Stablecoin Giant Circle has risen on its first day as a public company.

in mail On the social media platform X, the source says to the second largest dollar in the dollar, and Coin Euro-Peghed Euro Coin (EURC), and its shares can now be traded on the New York Stock Exchange (NYSE).

The company initially announced plans to return public in 2021.

“Circle is now officially a public company, listed on the New York Stock Exchange under CRCL.

With Usdc, EURC and Circle Payments Network and more, we push forward the future of exchange of friction value. We are not only building financial products. We build the money layer from the Internet. “

Circle appeared for the first time in the stock market on Thursday at an opening price of $ 69 per share, an increase of 168.48 % of the initial public bids (IPO) of $ 31.00 per share.

The company is originally aimed at the price of the public subscription about $ 28 per share, but the pseudonym analyzer says Flow Horse that this is relatively low.

“ I think $ 28 will look cheap during a multiple period of two months. Outside the size of the initial event, I will search for a price to develop a clean range and start perfectly in a long -term position. “

It reached its climax in the arrow of the circle 103.75 dollars and closed at $ 83.23 on Thursday.

According to what was reported, Titan Blackrock is planning to assemble 10 % of Circle shares. The largest asset manager in the world is already Acting Reserve Director of Assets that support USDC.

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