ARK Invest Acquires $373 Million in Circle Shares During Their First Trading Day

Circle shares soared during their debut on the NYSE, reaching $103.75, significantly above their initial price of $69, around 50% higher.

Highlights:

• Cathie Wood’s ARK Invest purchased nearly 4.5 million Circle (CRCL) shares on the company’s first day on the market.
• The surge in Circle shares represented a closing value of $373 million.
• Along with their new acquisition, ARK also liquidated shares from other companies: $39 million in COIN, $18.5 million in HOOD, and $10.4 million in XYZ.

Circle shares’ spike on the NYSE debut marked a significant milestone, leading to their high trading value. The IPO initiated at $31 but quickly gained momentum.

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Circle Chief Strategy Officer Dante Disparte (left) and CEO Jeremy Allaire
Circle Chief Strategy Officer Dante Disparte (left) and CEO Jeremy Allaire