Circle's IPO peaked at $123, quadrupling its initial price within a day of trading on the New York Stock Exchange. It opened at $31 and surged to $82.84 on its first day, outperforming tech giants like Meta and Robinhood. This remarkable performance illustrates strong investor interest, attributed to the potential of stablecoins and limited public investment opportunities in this sector. Meta's IPO in 2012 saw its shares hover around the offering price, while Circle's debut suggests a significant market demand for new assets in the crypto landscape. Circle’s market cap, however, stood at $19 billion, less than the valuations of Meta and Robinhood, but its early momentum is unmatched in recent tech IPOs. As a notable player in the stablecoin market, Circle's stock serves as a critical entry point for institutions and retail traders looking to participate in the blockchain economy.

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