Circle's (CRCL) stock surged for a third day in a row on Monday following its blockbuster IPO last week. Shares of the stablecoin issuer jumped as much as 15% before paring gains to close at $115 per share,

Stablecoin company Circle Internet Group is expected to list its stock on the New York Stock Exchange on Thursday in a long-awaited IPO.

The IPO price is expected to be between $24 and $26 per share. Based on the higher end of the range, Circle could raise almost $250 million, while the selling stakeholders could get nearly $375 million for their stake. Cathie Wood's ARK has expressed interest in buying $150 million worth of shares from the IPO, the USDC-issuer said in a filing.