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Fortune

Diane Brady

Circle's CEO is thrilled over SEC oversight

Circle SEC Jeremy Allaire Diane Brady IPO United States

In today’s CEO Daily: Diane Brady on Circle’s IPO pop.
The big story: Elon Musk and Donald Trump are fighting.
The markets: Up in U.S. before jobs report.
Analyst notes from UBS, BofA, and Goldman Sachs.
Plus: All the news and watercooler chat from Fortune.

Good morning. Yesterday was a very good day for Jeremy Allaire, as shares in his crypto firm Circle (CRCL) began trading on the New York Stock Exchange, closing at 168% above its $31 IPO price (the company upsized the IPO the night before its debut). “As we went through our IPO Road Show and ultimately priced the deal, we saw an incredible amount of interest and enthusiasm from an incredibly broad and deep array of investors,” Allaire told me in a phone conversation on Thursday.

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