Welcome to the TechMean right home for Friday, June 6, 2025. I'm Brian McCullough today. Circle had such a

successful IPO. I'm wondering if IPOs might finally be back on the menu. Turns out Anthropic

cut-off windsurf for the most obvious reason. Maybe Manus really is stoking a new gold rush,

at least in China, and in the

weekend long read suggestions, the most consequential weather forecast of all time. Here's what you

miss today in the world of tech.

No, I'm not going to do that big story from yesterday about Elon and Trump under my longstanding

thesis that it's politics, not tech. I will cover politics when it affects tech, so if Starlink

or SpaceX contracts get canceled, fine, we'll talk about that. But until then, in my opinion,

it's two dudes fighting over politics online. Anywho, circles stock soared 168% on Thursday,

closing at $83.00 after the Stablecoin company priced its New York Stock Exchange IPO at $31

and raised almost $1.1 billion in the offering. See, this, this is what you want to see. The bankers underpricing

IPOs because they misjudge the appetite of investors for certain types of companies. If there's

an unknown groundswell of demand out there, then other companies will be incentivized to try

their luck on public markets, and if they have success, then the dominoes start falling.

I'd point to the recent stock

explosion of Corweave after their lackluster IPO as a sign that there might be some

heretofore unsuspected groundswell of investor hunger. Quoting CNBC, trading volume by the end of

the session was about 46 million, far exceeding the number of freely floating shares available

for trading.

Circle joins Coinbase, Mara Holdings, and Riot Platforms as one of the few pure-play

crypto companies to list in the U.S. This marks the company's second attempt at going public,

...