Circle's IPO is sparking an explosion on Wall Street
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While Wall Street insiders enjoyed a first day "pop," it appears Circle could have pocketed much more from its debut.
During an April interview, Tether CEO Paolo Ardoino unloaded on competitor Circle and its big Wall Street plans.
Here are some of the stories Wall Street is watching on Monday, June 9. Circle's (CRCL) post-IPO rally has given the Ark Fintech Innovation (ARKF) fund a big boost. EchoStar (SATS) is considering bankruptcy according to a report from the Wall Street Journal.
By the close of Circle Internet Group’s first trading day on Thursday, June 5, its stock had rocketed to $88, a 180% jump from the price institutional investors paid for their shares in the underwriting led by JP Morgan,
Circle’s stock price soared alongside its IPO, capturing Wall Street’s growing embrace of digital dollars for years to come, analysts say.