Circle Internet’s stock price soared 48% on its first day of trading on the New York Stock Exchange (NYSE), valuing the company at $32.1 billion. The strong debut follows a blockbuster listing that reinforced expectations for the IPO market, which had been stagnant due to tariff-driven volatility.
The surge in Circle’s stock price was seen as a positive sign for the IPO market, with industry executives expressing optimism about the sector’s prospects. NYSE President Lynn Martin said Circle’s IPO was a bellwether for the market this year, and Nasdaq CEO Adena Friedman noted that investors are focusing on putting their dollars to work in an uncertain environment.
Analysts also pointed out that successful IPOs have been largely driven by companies less exposed to international supply chain risks. With several high-profile IPOs already underway, including digital banking startup Chime and cancer diagnostic firm Caris Life Sciences, the pipeline for future listings is expected to stay active.
Source: https://www.reuters.com/business/stablecoin-firm-circle-scales-record-high-after-blockbuster-nyse-listing-2025-06-06