MarketWatch | Circle’s stock is having another big day. What the blockbuster IPO has meant for other cryptocurrency plays.

While the first day of trading usually captures the most attention with IPOs, second-day stock-price moves tend to be more muted with larger deals of $500 million such as Circle’s.

The second-day trading gain of about 45% for Circle’s newly issued stock puts it many times over the average second-day return for larger IPOs over the past five years, according to Jay Ritter, a University of Florida finance professor who tracks IPOs.

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