Cointribune | Circle’s crazy IPO hides a $3 billion sacrifice

Circle’s IPO made Wall Street history with the biggest two-day surge since 1980. Yet, behind this spectacular performance lies a troubling paradox: the issuer of USDC literally left 3 billion dollars on the table with institutional investors. How can this colossal financial sacrifice be explained?

Jay Ritter shares his IPO insights in this story from Cointribune.