Circle's CRCL stock debuted on the NYSE on June 5 when it opened at $69, more than 124% higher than the IPO price of $31. The CRCL stock hit a record high of $138.57 on 9 June as the news of ETF filings flew in. However, the stock closed at $ 107.10 on 10 June, a 7% drop in a day.

Circle (CRCL) raised more than $1 billion in its initial public offering (IPO), with shares more than doubling since going public. Citizens JMP Securities CEO Mark Lehmann sits down with Madison Mills on Catalysts to discuss the IPO market.