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Circle Shares Decline Amid 10 Million Share Offering
business11 months ago

Circle Shares Decline Amid 10 Million Share Offering

Circle Internet Group's stock fell over 5% after announcing a public offering of 10 million shares, with 2 million offered by the company and 8 million by existing shareholders. Despite the offering, shares rose 1.3% after reporting its first quarterly results, with revenue up 53% driven by stablecoin growth, though the company posted a loss due to IPO-related charges.