Circle insiders to sell $1.4 billion in shares after 349% surge since June IPO
Description
Executives and early investors at Circle are dumping shares just two months after the company went public, aiming to pull out $1.4 billion while the market is still high. The stablecoin issuer, which started trading in early June, has seen its stock explode by 349%, and now insiders, including CEO Jeremy Allaire, are unloading fast. The planned sale includes 10 million shares, with 2 million coming from Circle itself and the rest from shareholders like Allaire. This offering was announced on Tue...
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