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TEXXR

Chronicles

The story behind the story

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Circle's stock soared 168% on Thursday, closing at $83.23, after the stablecoin company priced its NYSE IPO at $31 and raised almost $1.1B in the offering

Shares of Circle Internet Group soared 168% on Thursday after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering.

CNBC Tanaya Macheel

Discussion

  • @jerallaire Jeremy Allaire on x
    I am incredibly proud and thrilled to share that @circle is now a public company listed on the New York Stock Exchange under $CRCL! 12 years ago we set out to build a company that could help remake the global economic system by re-imagining and re-building it from the ground up […
  • @circle @circle on x
    Circle is now officially a public company, listed on the @NYSE under $CRCL. With @USDC, EURC, Circle Payments Network & more, we're pushing forward a future of frictionless value exchange. We are not just building financial products. We are building the money layer of the [video]
  • @ericjackson Eric Jackson on x
    [image]
  • @nyse @nyse on x
    The NYSE welcomes @circle in celebration of its IPO! For over a decade, Circle has connected traditional finance and digital assets, seeking to create a secure, always-on digital economy. $CRCL @jerallaire [video]
  • @ddisparte Dante Disparte on x
    At @circle, our mission to raise global economic prosperity through the frictionless exchange of value has never wavered, and today I am proud to share that @circle is now a public company, listed on the @NYSE under $CRCL Thank you to all our extraordinary Circlers and trusted [i…
  • @saylor Michael Saylor on x
    @jerallaire @circle Congratulations, Jeremy — to you and the entire $CRCL team.
  • @coinbase @coinbase on x
    Huge congrats to our long-time partner @circle on your IPO day. Your opening bell rings for all of crypto this morning. Slowly, then all at once.
  • @brian_armstrong Brian Armstrong on x
    Congrats to @jerallaire and the entire @circle team on your IPO and reaching ~$30T in lifetime USDC volume!  Now more than ever, @USDC is the most trusted stablecoin.  Building legitimate, regulated crypto products is tough.  Doing so in 2013/14, when Circle was founded, was near…
  • @ddisparte Dante Disparte on x
    Ringing the @NYSE bell as @circle becomes a public company is a moment I'll never forget. We founded Circle on the belief that internet-native money can transform opportunity today, we double down on transparency, trust & the future of finance. Here's to a future where finance
  • @dan_pantera Dan Morehead on x
    Massive achievement for @circle and @jerallaire. So happy for them! We've been partnered with Jeremy for over a decade - through three cycles and many hard-fought milestones. Excited to see their continued growth as they help transform the digital economy.
  • @mdudas Mike Dudas on x
    .@circle finally nailed the landing very happy for my good friends there, including spencer spinnell, who is so old school he doesn't even have a twitter 🤣🤣 he managed me and @sergekass at google wallet for 2.5 years and was the first boss who had to yell at me for my tweets
  • @jgarzik Sir Jeff Garzik on x
    It was honor to know @jerallaire in the early days of Bitcoin and crypto, and watch his and Sean's vision of internet money grow into what is today Circle and USDC. 👏
  • @adamscochran Adam Cochran on x
    Come on guys, don't make me have to short Circle... I love them but this price action on listing is crazy! 😅 [image]
  • @usdc @usdc on x
    Good morning. It's a good day for Circle. [video]
  • @nyse @nyse on x
    A Full Circle Moment. $CRCL Post-Opening Bell from @circle CEO @jerallaire [video]
  • @novogratz Mike Novogratz on x
    Congrats to Jeremy and the whole team!!
  • @el33th4xor Emin Gün Sirer on x
    Congratulations to @jerallaire and the entire @circle crew on a landmark IPO. Bravo! This is a huge win, not just for Circle, but for crypto's legitimacy in traditional markets. Stablecoins are going mainstream!
  • @vishalkgupta Vishal K. Gupta on x
    The @circle IPO marks another chapter in the long journey for USDC. There are many Circle stories. Circle Pay, OTC, Poloniex, and finally USDC. History will be rewritten many times, but it's important to keep intact the work a small group did to get USDC from 0 to 1. A small [ima…
  • @mdudas Mike Dudas on x
    you probably don't want to work with the bankers who took circle public at $31 and watched it close day 1 at $86, left more than $1 billion on the table that could be used to operate the business rather than in the bankers' friends' pockets
  • @nyse @nyse on x
    On a mission to raise global economic prosperity through the frictionless exchange of value. Congratulations to @jerallaire and the @circle team on the new era, starting now. $CRCL [image]
  • @defiignas Ignas on x
    ERC20 token minter company is listed on TradFi stock exchange. What a big milestone for crypto.
  • @circle @circle on x
    The first trade bell with Circle's Chief Financial Officer, Jeremy Fox-Geen! $CRCL is now trading on the @NYSE! [video]
  • @circle @circle on x
    Thank you to all our Circlers and trusted partners around the globe. We have just rung the closing bell at Circle HQ in One World Trade Center to end trading on the @NYSE, but this is just the beginning for Circle. [video]
  • @shanaggarwal Shan Aggarwal on x
    Congrats to our long-time partners @circle on their public listing today! Important mark of validation for the industry and for @USDC. This is just the beginning — excited to continue to grow our partnership
  • @jasonyanowitz Yano on x
    Circle trading at $85 up from $31 IPO price. Every investment bank and CEO is staring at this number right now saying “it's go time” Get ready for an onslaught of crypto IPOs. [image]
  • @monetsupply @monetsupply on x
    @ThinkingUSD circle isnt about revenue (at least for now), its thematic bet on stablecoin growth which is accessible and understandable to normies
  • @chamath Chamath Palihapitiya on x
    $CRCL IPO was very strong. Wow.
  • @iampaulgrewal @iampaulgrewal on x
    @jerallaire @circle Congratulations to all our @circle friends!
  • @sandrapersing Sandra Persing on x
    Today, @circle reached a significant milestone and became a publicly listed company. I'm proud to be part of the team transforming the global financial system.
  • @bgurley Bill Gurley on x
    No need to highlight each time an IPO is wildly mispriced, as they ALL are. What's shocking is (1) press doesn't recognize it as a failure - they have been taught a pop is good, and (2) SEC doesn't recognize this is inefficient & unnecessary. There is a better, more elegant way.
  • @psneville Sean Neville on x
    Proud day as @circle co-founder and board director seeing our IPO come to fruition. 12 years ago @jerallaire and I devised Circle over his kitchen table. 8 years ago, we built USDC with a tiny team.  So many talented, tireless people have played crucial roles growing USDC and get…
  • @m_c_klein Matthew C. Klein on x
    Remember that we bailed them out in March 2023 when they were made whole on their ~$3.3bn in uninsured deposits at SVB
  • @danprimack Dan Primack on x
    If you build it, they will come [image]
  • r/Buttcoin r on reddit
    Stablecoin issuer Circle soars as much as 235% in NYSE debut after pricing IPO above expected range