Circle Employees Reportedly Missed out on $3 Billion in Unrealized Profits

Circle’s public debut has drawn criticism from high-profile investors, especially over how early employees may have missed out on nearly $3 billion in unrealized gains. Billionaire venture capitalist Chamath Palihapitiya noted that Circle insiders sold 14. 4 million shares at the Initial Public Offering (IPO) price of $31 each, securing roughly $446 million. However, with the stock now trading above $240, the same shares would currently be worth around $3 source: https://beincrypto.com/circle-ipo-insiders-miss-out-massive-profits/