Circle stock price surged on the first day of trading. We explore whether it is a good company to buy for now.

Circle Internet Group Inc.’s initial public offering is likely to price above the marketed range, after fielding orders for more than 25 times the number of shares available in the upsized deal, according to people familiar with the matter.

Circle’s IPO targets $1 billion, inspiring other crypto firms like Plasma and Pump.fun to set their own ambitious fundraising goals.