Stablecoin issuer Circle soars 124% in NYSE debut after pricing IPO above expected range

Jeremy Allaire, CEO of Circle Internet Group, the issuer of one of the world's biggest stablecoins, and Circle co-founder Sean Neville pose outside the New York Stock Exchange (NYSE), on the day of the company's IPO in New York City, U.S., June 5, 2025.Shares of Circle Internet Group soared 124% after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering.The stock opened at$69.50 on the New York Stock Exchange after its IPO priced at $31. The New York- ...