Circle’s $1.1B IPO Shines as Ripple CEO Dismisses Acquisition Claims

The post Circle’s $1.1B IPO Shines as Ripple CEO Dismisses Acquisition Claims appeared first on Coinpedia Fintech News

Circle just went public today, kicking off with strong demand. It surprised the market by pricing its IPO at $31 per share, well above the expected $27 to $28 range. The company and existing shareholders sold about 34 million shares, raising approximately $1.1 billion. This pricing values Circle at around $6.9 billion, according to Bloomberg. …