The US stock Circle rose to $103.75 before falling back, with the current stock price at $84.92

According to BlockBeats news, on June 6th, according to market information, stablecoin USDC issuer Circle opened at $103.75 before falling back, with a current stock price of $84.92, IPO price of $31, and current market value of $18.7 billion. Circle completed its IPO at $31 per share, exceeding the expected pricing range of $24-26, raising $1.1 billion and valuing the IPO at $6.2 billion. The original plan for this IPO was to issue 24 million shares, but due to a surge in demand, it has expanded to over 34 million shares. The USDC issued by Circle is the second largest stablecoin in the US dollar, and its listing comes at a time when US lawmakers are pushing for stablecoin regulatory legislation.