Circle Internet stock shares slide after stock offering launched
Main Idea
Circle Internet Group's shares dropped 3.9% after announcing a stock offering shortly after its IPO.
Key Points
1. Circle Internet Group (NYSE:CRCL) shares fell 3.9% in Wednesday morning trading.
2. The company launched a stock offering just two months after its initial public offering.
3. Circle is offering 2M shares of class A common stock.
Description
More on Circle Internet Group Circle: My Bull Case Is Now Broken (Q2 Earnings Review) Circle: Q2 Earnings Not Good Enough Circle: Golden Buying Opportunity Before Earnings Circle Internet stock jumps after Q2 revenue beats, as stablecoin demand builds FIS partners with Circle on stablecoin use for financial institutions
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