IPO market gets boost from Circle's 500% surge, sparking optimism that drought may be ending

IPO market gets boost from Circle's 500% surge, sparking optimism that drought may be ending

Tech IPOs had a breakout month in June, led by crypto firm Circle, leading some investors to predict a big second half of the year.

Circle's stock surged 500% after its June IPO, reaching a $42 billion market cap

Crypto company Circle ripped through the New York Stock Exchange on June 5, launching what has become the loudest comeback for tech IPOs since the 2021 peak. Backed by Accel, Breyer Capital, and General Catalyst, Circle’s stock opened strong, then exploded. Now it’s up six times its IPO price, sitting on a $42 billion market cap. That rally shoved three years of frozen IPO dreams back onto the table. This surge didn’t happen in isolation. Halfwa…

IPO market gets boost from Circle’s 500% surge, sparking optimism that drought may be ending – DG Verifications & Stats

Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world’s biggest stablecoins, and Circle Internet Group co-founder Sean Neville react as they ring the opening bell, on the day of the company’s IPO, in New York City, U.S., June 5, 2025. NYSE For over three years, venture capital firms have been waiting for this moment. Tech IPOs came to a virtual standstill in early 2022 due to soaring inflation and rising int…