Circle returns to IPO debut price

Circle Internet Group (NASDAQ: CRCL) has come full circle. Shares of the USDC stablecoin issuer closed at $69.72 on Nov. 19, slipping just above their $69 IPO opening price from June and marking a 77% drop from their summer peak of $298.99. On Nov. 20, it was trading even lower. At the time of reporting, Circle was trading at $66.38, down 4.59% in the past 24 hours. Circle's blockbuster IPO On June 5, Circle’s shares opened about 124.19% above the $31 IPO price, beginning public trading at $69. The st ...