Stablecoin issuer Circle Internet Group Inc. opened 122.58% higher on the first day of its IPO to $69. Previously, the IPO price was $31 per share. According to reports, the subscription ratio for the company's IPO shares was more than 20 times, and the top 25 accounts won 70% of the subscribable shares. According to the US Securities and Exchange Commission documents, the company expanded its share issuance scale twice, eventually increasing the number of shares by 2 million to issuing 34 million shares on June 5.

Stablecoin issuer Circle Internet Group Inc. opened 122.58% higher on the first day of its IPO to $69. Previously, the IPO price was $31 per share. According to reports, the subscription ratio for the company's IPO shares was more than 20 times, and the top 25 accounts won 70% of the subscribable shares. According to the US Securities and Exchange Commission documents, the company expanded its share issuance scale twice, eventually increasing the number of shares by 2 million to issuing 34 million shares on June 5.