Reported about 23 hours ago
Circle Internet Financial Ltd. executives are moving quickly to sell 10 million shares, including 2 million from the company itself, worth around $1.4 billion, in response to a 349% increase since their IPO in June. This opportunistic sale comes sooner than expected, as JPMorgan, the IPO's lead bank, allows it despite typical lock-up restrictions. The offering, which is already oversubscribed, highlights the market's strong demand for Circle shares even after a recent drop from their peak price.
Source: YAHOO