How Circle’s IPO Stacks Up Against Other Crypto Market Debuts

Circle’s shares rose on Thursday as Stablecoin’s publisher began to trade on the New York Stock Exchange, marking one of the strongest debut by the cryptocurrency company in recent memory.

Offer collected $ 1.1 billionGiving a circle to a market capitalization of $ 18.4 billion, positioning it behind sectoral giants, but in front of smaller participants.

By trading under the CRCL mark, Circle listed 34 million shares and quickly attracted the demand of investors. The shares opened in the amount of $ 69 and reached $ 103.75 within the day, and trading was stopped several times during the session due to volatility.

The shares closed to $ 83.23, which represented 168% jump with the price of IPO of $ 31 per share.

“If you want this to function for mainstream, he has to work at the mainstream society and you need to have the Rules of the Way,” said Director Jeremy Allaire on Thursday on Thursday CNBC -‘MONEY FOR MONEY.

Circle’s debut comes as a growing number of public bids of cryptocurrencies, a trend that has gained attraction in the midst of the US transcript turn under US President Donald Trump.

Stable on the first day of Stablecoin Giant in the opposite of several high lists in the sector, although its assessment reflects a more milder chance of investors.

Coinbase, the largest American crypto exchange, came out to the public through direct ranking in April 2021. With an estimate of a value of $ 85 billion. The shares got 31% on the debut before they retreated, and the shares have since been closely related to the wider cycles of cryptocurrencies.

Robinhood began to offer Kripto trading in 2018, and publicly came out in 2021 with a value estimate of $ 29 billion. While Crypto contributed to his growth story, the company remained primarily a platform for shares and options, unlike cryptocurrency companies such as Circle or Coinbase.

The Etoro Platform with multiple assets is public publicly via SPAC 2023 by estimated about $ 5 billion, and Bitcoin Rewards App Colp completed the SPAC merger in February 2025, estimating a company at about $ 224 million. Circle’s $ 18.4 billion puts evaluation on the bottom end of that range.

The performance of the first day, however, narrates a different story.

Circle -ov 168% gain was the strongest among the recent list of cryptocurrencies. The folder increased approximately 30%on the debut, while Coinbase grew 31%and only 4%increased Etoro. Robinhood, meanwhile, fell more than 8% on the first day.

Edited Sebastian Sinclair