In April, Bloomberg reported that Ripple had made an acquisition offer for Circle valued between $4 billion and $5 billion, which was reportedly rejected as undervalued. Ripple CEO Brad Garlinghouse later disputed the report in a conversation with Georgetown Law professor Chris Brummer.

While Wall Street insiders enjoyed a first day "pop," it appears Circle could have pocketed much more from its debut.

Circle Internet Group soared by 29.40 percent on Friday to close at $107.7 apiece, reflecting a continued strong investor confidence during its second day as a publicly listed company. Since its market debut on Thursday, June 5, the company’s share price has already surged by 247 percent from its initial public offering price of $31.

Circle pushed markets into rally mode on Friday after its shares spiked 48%, extending the chaos it kicked off with a massive NYSE debut the day before.

Circle’s IPO highlights crypto’s mainstream shift, with USDC driving revenue and new fintech services expanding its reach. Read why CRCL stock is a hold.

The cryptocurrency company's stock opened for trading on the NYSE at $69 apiece, valuing the stablecoin issuer at nearly $18 billion.

During an April interview, Tether CEO Paolo Ardoino unloaded on competitor Circle and its big Wall Street plans.

In a press release, a Gemini spokesperson said that the IPO will occur after the Securities and Exchange Commission has conducted its review. Bitcoin OGs. Famous for their spat wi