Stablecoin "first share" Circle's US IPO doubles on the first day of trading.

Stablecoin issuer Circle Internet Group Inc. rose by 122.58% on the first day of its American IPO, closing at $69, up from the IPO price of $31 per share. It was reported that the subscription multiple for the company's IPO stock exceeded 20 times, with the top 25 accounts receiving 70% of the subscribed shares. According to documents from the U.S. Securities and Exchange Commission, the company had expanded the stock issuance twice, ultimately increasing the offering by 2 million shares to a total of 34 million shares on June 5th.