Circle Shares Surge 92% Since NYSE Debut — Cathie Wood Highlights Ark's Successful Take On Stablecoin Issuer's IPO
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Cathie Wood's Praise for Circle's IPO: Cathie Wood commended analyst Raye Hadi from Ark Invest for their successful analysis of Circle Internet Group, whose shares surged 168% after its IPO, highlighting the potential for more crypto firms to go public.
ARK Invest's Significant Stake in Circle: Following Circle's impressive market debut, ARK Invest acquired hundreds of millions in shares, with their ETFs holding a total of $562.7 million in Circle stock, despite a slight decline in share price during after-hours trading.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
