Circle (CRCL) Stock Surges After Successful IPO Debut: What's Going On?

Circle Internet Group CRCL, the issuer of the USDC stablecoin, made a powerful public debut this week, with shares surging 37.8% to $114.57 Friday following Thursday's IPO. The stock opened at $69, more than double its $31 IPO price, giving the company an initial valuation of $6.9 billion.

What To Know: Circle raised approximately $1.1 billion by offering 34 million Class A shares, including 14.8 million from the company and 19.2 million from selling shareholders. The company also granted underwriters a 30-day option to purchase an additional 5.1 million shares.

This IPO marks a milestone for Circle after a failed SPAC attempt in 2021. The listing comes amid broader market caution, with many firms issuing conservative guidance as earnings season ends. However, Circle's USDC, a dollar-backed stablecoin, is seeing rising demand for use in digital payments, cross-border transactions and treasury operations.

Analysts cite growing regulatory clarity in the U.S. and a recent Deutsche Bank report predicting stablecoins are nearing mainstream adoption. Circle's debut is being viewed not just as a tech IPO, but as a key step in the integration of stablecoins into global finance.

Read Also: Broadcom Stock Is Trading Lower Friday: What’s Going On?

How To Buy CRCL Stock

By now you're likely curious about how to participate in the market for Circle Internet Group – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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