In April, Bloomberg reported that Ripple had made an acquisition offer for Circle valued between $4 billion and $5 billion, which was reportedly rejected as undervalued. Ripple CEO Brad Garlinghouse later disputed the report in a conversation with Georgetown Law professor Chris Brummer.

Circle’s IPO highlights crypto’s mainstream shift, with USDC driving revenue and new fintech services expanding its reach. Read why CRCL stock is a hold.

While Wall Street insiders enjoyed a first day "pop," it appears Circle could have pocketed much more from its debut.

But to live up to the market’s soaring expectations, the issuer of USDC might actually be better off in the longer run if interest rates go down. Shares of Circle, which started publicly trading on Thursday,

Circle Internet Group, the crypto firm that tried to go public in 2021 but ended up pulling its deal, will finally enter the public equities market. Late Wednesday, Circle raised $1.05 billion in one of the most anticipated IPOs of the year.

Due to high demand, the stablecoin issuer increased its IPO from a planned 24 million shares. Circle is now worth anywhere from $6.8 billion to $8 billion on a fully diluted value. The company that powers the USDC stablecoin will start trading today on the New York Stock Exchange under the ticker symbol CRCL.

Jeff Bezos' fiancée, Lauren Sánchez, hosted a three-day bachelorette celebration in Paris with her A-list inner circle, offering hints about their upcoming wedding reportedly planned for Venice later this month.