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Fortune
Fortune
Luisa Beltran

Circle pops over 168% in market debut as sleepy IPO market heats up

(Credit: Courtesy of Bloomberg/Getty Images)

Good things come to those who wait. Circle, which tried to go public four years ago but had to call off its deal, finally listed Thursday on the New York Stock Exchange with shares opening at $69, more than double its $31 IPO price. The stock soared by 235% to a high of $103.75 before closing at $83.23, up 168.48%.

Circle’s stock was paused multiple times Thursday due to volatility. At $83.23, the fintech ended its first day with a market capitalization of $21.6 billion.

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